Coles boss admits market growth has slowed over past year

Bunnings is dancing on the grave of its competitor Masters but there are potentially headaches brewing for its owner Wesfarmers as supermarket giant Coles shows signs of weakenss.
Wesfarmers’ hardware behemoth Bunnings reported 5.5 per cent comparable store growth in the first quarter, despite competition from troubled rival Masters’ stock liquidation sale and a cold, wet start to spring. Sydney Morning Herald – Read more…