OK- let's look at the results without any bias. they were very disappointing as their food inflation(margin) is over 1 % more than Coles latest results, and the same store sales is only marginally better than last year for the quarter.
they have invested many millions in trying to turn this around all to no avail.
what i can't understand is, Coles same store results were very bad also.
that just leaves a couple of scenarios- either Aldi and IGA are taking up the slack or more likely- OZ shoppers are not that comfortable in opening their wallets as day to day living costs are skyrocketing.
ps- at least it is reassuring that Malcolm is a dinky die Aussie who cares about our plight, and not some old toff purposefully placed here to cause the utmost of damage by the UN.
cheers crazypunter
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