Australian retailer Coles reports jump in online sales
22 August 2019 - 18:39
Sydney — On Thursday, Australian retailer Coles Group reported a jump in online sales and a special dividend that cheered investors, sending its shares near their biggest one-day gain in two months.
The century-old retailer, which has battled bigger rival Woolworths in the bricks-and-mortar space for years, is investing heavily in expanding its online business to fend off online competitors such as e-commerce giant Amazon...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.