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While Coles gains customers and confidence, Woolies is repeating apologies
Coles achieved a 3.9% sales increase to nearly $11 billion, with eCommerce sales rising 27.9% to $1.3 billion, driven by new store openings and customer focus.
- Supermarket giant Coles reported a 3.9 per cent lift in total group sales to $9,960 million and supermarket sales to $9,960 million for the first quarter, surpassing Woolworths on growth.
- Surging eCommerce helped power results, with supermarket eCommerce up 3.9 per cent to $1.3bn and liquor eCommerce up 6.8 per cent to $63m, alongside two new supermarkets opened and three renewed.
- Tobacco sales slumped 57 per cent and now account for less than 2 per cent of total sales, while liquor sales declined 1.1 per cent, which Coles attributed to new tobacco legislation and growth in the illicit market.
- On Wednesday, Woolworths reported a 2.1 per cent advance in supermarket sales to $13.9bn, but its share price fell 2.9 per cent on Thursday as analysts said it ceded market share to Aldi and Coles.
- As Christmas approaches, Coles chief executive Leah Weckert said the company designed its Christmas range and focuses on omnichannel as customers prioritise convenience this year.
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Coles supermarkets continued to narrow the gap with its main competitor, Woolworths, thanks to strong quarterly sales growth.
Supercharged Supermarket Sales Propel Coles’ First Quarter Success
read the original version on: www.retailnews.asia Coles, the prominent Australian supermarket chain, reported an increase in sales for the first quarter, primarily fueled by the robust performance of its supermarket division. Sales Increase in the First Quarter Coles experienced a 3.9% rise in sales for the 13 weeks ending September 28, totaling $10.9 billion. The supermarket division was the primary driver […] The post Supercharged Supermarket …
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Total News Sources14
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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