Situation normal when it comes to your supermarket shop
We’ve already covered Liberal v Labor when it comes to a political showdown this weekend. Now to the other 2 blocks that dominate our lives: Coles v Woolworths… The numbers on how we’ve shopped in the January-March quarter of this year are in – and the panic-buying adrenaline rush of 2020 for shoppers and the retailers were not a feature. Woolies sales fell 2.1% in the quarter when compared to the same period last year. Coles sales fell 0.8% on the same measure, with Woolies boss Brad Banducci saying the return to offices this year would likely benefit his rival because they have more inner-city and shopping-centre-situated stores. He says he’s not too bothered because “we do want to get back to more normalised, predictable shopping patterns for our customers.” Which presumably means fewer inexplicable buyouts of walls of toot paper… Investors were bothered by Woolies performance compared to Coles, and its share price was down 3.8% yesterday.
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