Amazon is making strides in the online grocery sector, challenging major players like Coles and Woolworths, amid reduced spending by Australian households. A recent survey by UBS, monitoring over 1000 Australian adults, showed that enthusiasm for online shopping has dwindled, especially for brands that also operate physical stores. Notable decreases in intentions to shop online […]
Amazon narrows the gap with supermarket leaders Read More »
The Australian grocery sector is set to face heightened public attention as supermarket leaders Coles and Woolworths prepare to announce their yearly profits. However, experts suggest that escalating costs might hinder sector growth. Coles and Woolworths shares have seen significant appreciation leading up to their August announcements, with Coles’ stock rising 9.2% since the beginning
Coles & Woolworths: 2023 Profits Amid Challenges Read More »
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