Coles Gains on Woolies, Grabs Sales During Rival’s Woes

A woman walks into a Coles supermarket in Albany, Western Australia, on April 11, 2024. Susan Mortimer/The Epoch Times

Coles continues to gain on its bigger supermarket rival, posting better sales growth than Woolworths and taking advantage of a pre-Christmas strike of Woolies warehouse workers.

Coles estimated it gained $120 million (US$74.5 million) in additional sales and $20 million (US$12.4 million) in earnings during the industrial action in late November and early December after its quick response.