Woolies and Coles in world’s top 20
The owners of Australia’s dominant supermarket chains are fighting for supremacy among the world’s largest retailers after Wesfarmers joined rival Woolworths in the world’s top 20.
Coles owner Wesfarmers charged into 18th position from 21st and is growing quicker than Woolworths, which is up one place to 17th, according to the 2013 Global Powers of Retailing Report by accounting firm Deloitte.
The two companies achieved more than $US50 billion ($A47.54 billion) each in revenue at home and in New Zealand, compared to others in the top 20 who derived income from stores located in at least 10 countries. Sydney Morning Herald – Read more…