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Woolies boss: ‘Only halfway through crisis’

Brad Banducci says sales are moderating after the COVID-19 surge, but there are reasons to be upbeat too. A big one is Woolworths’ digital momentum.

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The contrast couldn’t have been starker.

A week ago, Coles Group chief executive Steven Cain went out of his way to make it clear reality was about to bite the supermarket sector – not only would the fading COVID-19 sales surge likely see sales fall for the rest of the year, concerns about stalled immigration would also weigh on the sector over the longer term.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/the-big-number-woolworths-boss-is-watching-20210224-p575e7