These three charts show how Coles is outperforming Woolworths
The country’s second-largest supermarket chain is doing better than its bigger rival. From more stock on shelves to lower theft and better value, here’s why.
Last week, Coles and Woolworths released their accounts. They confirmed what many suspected – that after years of dominance, Coles was outperforming its larger rival at a difficult time for supermarkets.
With shoppers focused on their wallets more and more – in the midst of higher mortgages, rents and utility bills – Coles looked like better value. And this meant a faster growing share price compared with its major competitor.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
