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Here’s why Coles’ CEO is optimistic about Christmas trading

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.
The Covid effect continues to have a positive impact on the nation’s supermarkets, as Coles reported another enviable performance in the first quarter of FY21. Group sales revenue jumped 10.5 per cent to $9.6 billion, with strong sales growth across supermarkets and liquor.  Supermarkets sales growth of 9.7 per cent was largely driven by Victoria, which was under a hard lockdown for most of the quarter, and to a lesser extent New South Wales as restrictions eased.  “The tighter the