Free Subscription

  • Access 15 free news articles each month


Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Coles reports positive sales but remains cautious

Image of a store entrance to a Coles supermarket
Group sales for Coles jumped by 10.5 per cent in the first quarter of FY21.
As the supermarket’s slogan goes, “Good things are happening at Coles”, but they don’t come easily, especially during the past year when the retailer has faced panic buying, punch-ups and positive coronavirus cases. Last week the supermarket giant reported profit growth for the first time in four years, up 7.1 per cent to $951 million. The overall trend towards in-home dining ensured strong supermarket sales of $33 billion for the year. But for how long the retailer can expect to benefit