Business
Woolies falls behind Coles in sales growth as shopping goes back to normal – Sydney Morning Herald
The head of supermarket giant Woolworths says consumers’ return to pre-COVID shopping habits may be disproportionately benefiting rival Coles as his company gave…
The head of supermarket giant Woolworths has admitted the return to pre-COVID shopping habits may be disproportionately benefiting rival Coles as his company gave a weaker-than-expected trading update.
The company said on Thursday comparable sales at its supermarkets division fell 2.1 per cent to $11.1 billion in the March quarter with its performance being compared against the panic buying boom of March 2020. This marked a bigger drop than the 1 per cent fall analysts had been forecasting.
Woolworths…
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