Billions wiped off Coles as it loses ground to Woolworths
- Words
- 16
- Chars
- 109
- AI summary
- Yes
Full story
Coles shares experienced a sharp decline following a profit warning. The company is facing intense competition from its primary rival, Woolworths. This market pressure has resulted in billions of dollars being wiped off the value of the company.
Coles shares have plunged after a profit warning, amid signs of stiff competition with arch-rival Woolworths.
Open article