Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 23-Oct-15

Wesfarmers-owned Coles has reported that its food and liquor sales rose by 4.7 per cent to $A7.6bn in the September 2015 quarter. Grocery prices at Coles supermarkets fell by 1.3 per cent during the period, with the group spending $A100m on price cuts. Coles intends to maintain this level of spending in the next several quarters, in the wake of Woolworths’ plans to spend $A500m on cutting grocery prices. The Bunnings, Kmart and Target businesses also recorded sales growth in the quarter.

CORPORATES
COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, WOOLWORTH CORPORATION, BUNNINGS GROUP LIMITED, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, CITIGROUP PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET