Coles reports a 3% decline in profits, benefiting from a $120 million increase in sales due to strikes at Woolworths.

One thought on “Coles profit drops 3 per cent, receives $120m sales boost from Woolworths strikes”

  1. It’s interesting to see how external factors like the Woolworths strikes can influence the performance of rivals such as Coles. A 3% profit drop might raise some concerns, but the $120 million sales boost is definitely a silver lining. It highlights how competitive dynamics in the grocery sector can shift quickly due to labor issues. It will be interesting to see how both companies adapt moving forward—whether Coles can sustain this increased demand and how Woolworths responds once the strikes are resolved. Do you think this sales boost will have any long-term impact on Coles’ market position?

Leave a Reply

Your email address will not be published. Required fields are marked *


Explore More

Coalition condemned over promised cuts to foreign aid if they win election

Title: Outrage Over Coalition’s Proposed Reductions to Foreign Aid Ahead of Election In a recent announcement that has garnered significant backlash, the Coalition has come under fire for its plans

Gen Z and Millennials will decide the imminent Australian election, and the almost eight million voters under 45 years of age are bringing disaffection and disengagement to the polling booth.

The upcoming Australian election will be heavily influenced by Gen Z and Millennials, with nearly eight million voters under the age of 45 expressing feelings of discontent and disengagement as

Blowing Cyclone Alfred on the Today show

Cyclone Alfred Takes Center Stage on the Today Show