Business
Victorians the big spenders as Coles sales soar – The Age
Heightened levels of spending in the locked-down state of Victoria has kept sales at supermarket giant Coles elevated for the first quarter of the new financial…
However, with restrictions in the southern state easing on Wednesday, sales may begin to moderate at the retailer admitted Coles’ chief executive Steven Cain.
“It is fair to say that the tighter the restrictions, the higher supermarket sales are, and also conversely, the lighter the restrictions the lower sales will be,” he said. “But they will still be elevated compared to other years.”
Mr Cain was also bullish on comments made by Reserve Bank deputy governor Guy Debelle on Tuesday who said it…
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