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Wesfarmers' annual general meeting today in Perth counted down the contributions its diverse and numerous divisions made to a $1.5 billion net profit but baulked at the relatively minor 6.2 per cent sales growth of Coles. Full Article at PerthNow
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Wesfarmers says its Coles supermarkets have been trading well since reporting first-quarter same-store sales growth of 6.1 per cent. "Trading has continued positively through October," the company's annual shareholder meeting was told. Full Article at The Age
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THE federal government is threatening to apply the blowtorch to the supermarket duopoly over damning figures that suggest Australians are forking out more and more for groceries. Full Article at Herald Sun
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Supermarket giants Coles and Woolworths are being blamed for Australians paying the fastest growing prices for groceries in the world. Full Article at ABC Online
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Supermarket giants Coles and Woolworths are being blamed for Australians paying the fastest growing prices for groceries in the world. Full Article at Sydney Morning Herald
Related Quotes
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If you maximize competition in the grocery industry you therefore put downward pressure on prices
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In September the government's competition watchdog ended restrictive agreements in leases between shopping centers and Coles and Woolies.
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Giving consumers more information does not necessarily equal more competition ... We're taking on hard measures by taking down the barriers to competition with Coles and Woolworths.
– Craig Emerson SOURCE: The Australian
