Under fire Coles to add 200 stores

 In Australia, Coles, NewZealand
Coles’ liquor business faced another reproach from one of its longtime ncritics, but boss Ian McLeod said the division is improving its nprofitability and will add 200 stores within the next five years.

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n At a strategy briefing day for parent company Wesfarmers, Merrill Lynchn analyst David Errington grilled McLeod on why he didn’t spend more timen on liquor in his 30-plus slide presentation to investors.

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n "I don’t mean to be a smart alec or anything but when you look at your nentire presentation, liquor was only one slide," Errington said. Retail Biz – Read More.

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