Woolworths trails Coles on grocery prices: Macquarie analysis shows
Woolworths is failing to close the gap on Coles when it comes to prices.
Despite launching a $500 million price slashing strategy in May, new figures suggest Woolworths’ grocery prices were still flat in the June quarter at the same time as Coles got cheaper for shoppers.
A Macquarie Securities analysis reveals the cost of a selection of everyday groceries at Woolworths stores has fallen 1.9 per cent since early March, mostly thanks to a seasonal decline in the price of fruit and vegetables. Sydney Morning Herald – Read more…
Despite launching a $500 million price slashing strategy in May, new figures suggest Woolworths’ grocery prices were still flat in the June quarter at the same time as Coles got cheaper for shoppers.
A Macquarie Securities analysis reveals the cost of a selection of everyday groceries at Woolworths stores has fallen 1.9 per cent since early March, mostly thanks to a seasonal decline in the price of fruit and vegetables. Sydney Morning Herald – Read more…
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