Business Services Industry
Woolies widens lead on Coles.
Australasian Business Intelligence, July, 2007
Byline: Nabila Ahmed
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Jul 10, 2007 (The Age - ABIX via COMTEX) -- The CEO of Australian retail giant Woolworths has warned rival Coles that it will face a fierce battle to close the gap between the two retailers. Michael Luscombe says the new owner of Coles, Wesfarmers, will have to work extremely hard to catch up with Woolworths, which is "five years ahead" of the newly-acquired Coles. Luscombe asserts that Woolworths controls 29 per cent of the market, compared with Coles's 23 per cent. Woolworths has indicated that it would still consider ...
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