Free Subscription

  • Access daily briefings and unlimited news articles

Premium

Try one month for $34.95
  • Quarterly magazine and digital
  • Indepth executive interviews
  • Unlimited news and insights
  • Expert opinion and analysis

Back to reality: Coles’ 6 per cent sales drop signals return to normalcy

A 6.1 per cent drop in comparable supermarket sales at Coles is a clear sign of normalising consumer behaviour in the wake of Covid-19 lockdowns.  While a significant drop from Coles’ record 13.1 per cent sales growth at the peak of panic buying in Q3 FY20, the $7.7 billion figure is still 6.8 per cent higher than the same period in 2019. A strong Easter period drove sales across confectionery and entertainment products, and, with fewer, shorter lockdowns, consumers are once again comfort
Just for$34.95per year