COLES GROUP LIMITED. (ASX:COL)

Food & Staples Retailing

Coles Group (ASX: COL) was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018 after 10 years of ownership. However, the Coles name has operated in Australia for 100 years. Today, Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.

Coles Group (ASX: COL) was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018 after 10 years of ownership. However, the Coles name has operated in Australia for 100 years. Today, Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.

telstra-man-worry-concern-fall-min

The recession begins?

The US economy shrank at an annual rate of 4.8% in the first quarter, confirming the worst fears that the world’s largest economy is already in a recession. This was much worse than the 3.5% expected.

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australian shares report graphic

The ASX 200 (XJO) today – latest news

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telstra-man-worry-concern-fall-min

The recession begins?

The US economy shrank at an annual rate of 4.8% in the first quarter, confirming the worst fears that the world’s largest economy is already in a recession. This was much worse than the 3.5% expected.

Read More »