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…
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…