retail brawl
Clean Up on Aisle Three
The Australian retailer is finally getting the better of an ancient rival.
This article is for subscribers only.
Australia's two dominant supermarkets seem to have been fighting the same grudge match since the days of Cain and Abel. With about two-thirds of the country's food and liquor market between them, the game was all in battling each other.
Throughout the 2000s, the clear winner was Woolworths Ltd. While the Coles chain owned by Coles Myer Ltd. fell apart under erratic management, Woolworths grew net income by more than 10 percent a year for a decade.