Experts weigh in on Coles results

Coles chief executive Steven Cain last week told investors the supermarket is entering the most competitive period in its 105-year history, as it continues to work its way through a challenging retail environment.  However, the group is at the beginning of a four-year transformation program. “I’d describe it as a solid start, but we’ve got a long way to go,” said Cain. Total group sales increased 3.1 per cent to $35 billion, while net profit fell 9.1 per cent to $1.43 billion – a

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