Coles, Bunnings, Kmart shine for Wesfarmers

Coles cut prices and increased its market share across the first quarter to safeguard its dominant market position and drive food and liquor sales 4.7 per cent higher to $7.6 billion.
Food sales for the same period grew by 4 per cent, supported by the strongest price deflation the supermarket chain has reported in two years.
The growth was achieved despite Woolworths’ efforts to match Coles on price and rebuild a competitive profile with shoppers.  Sydney Morning Herald – Read more…