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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

AUGUST 17, 2021

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.

Supermarket 246
Supermarket Net Profit Markdowns Checkout 246
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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

AUGUST 25, 2021

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. per cent lift in net profit to $2.07 Physical supermarket sales increased by 2.0 Online penetration for supermarkets is quite interesting – 8.5

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Supermarket Drop-Shipping Net Profit Fulfillment 130
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