Coles, Woolies strike out on beauty boom

Original article by Sue Mitchell
The Australian Financial Review – Page: Online : 10-Sep-19

Sales of non-food groceries in supermarkets fell by 0.7 per cent in the 12 months to May, according to IRI, while sales of packaged food rose by 2.3 per cent in the same period. Health and beauty sales in supermarkets were down 0.1 per cent, while sales of general merchandise products fell 4.6 per cent. Alistair Leathwood from IRI says consumers are making more informed decisions about purchases because of the amount of information they are getting online, allowing them to buy items that they would normally buy in supermarkets at other outlets for a cheaper price.

CORPORATES
IRI COLES GROUP LIMITED – ASX COL WOOLWORTHS GROUP LIMITED – ASX WOW