Original article by Sue Mitchell
The Australian Financial Review – Page: 17 & 24 : 2-Nov-18
Woolworths has advised that its Australian supermarkets recorded same-store sales growth of 1.8 per cent in the September quarter, compared with 3.1 per cent in the three months to June. In contrast, Coles posted same-store sales growth of 5.1 per cent, due to its successful Little Shop promotion and its decision to extend an offer of free reusable shopping bags. However, Woolworths CEO Brad Banducci says same-store sales improved in September and October. Woolworths’ average food prices fell by one per cent in the September quarter as it extended price discounts to more grocery products.
WOOLWORTHS GROUP LIMITED – ASX WOW, WOOLWORTHS SUPERMARKETS, COLES SUPERMARKETS AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, ENDEAVOUR DRINKS, AUSTRALIAN LEISURE AND HOSPITALITY GROUP LIMITED, DEUTSCHE BANK AG