A record price for Woolies shares today with the market sending them up to a high of $32.50 after the ACCC blocked the giant from buying Kmart and Officeworks from Coles, if those chains came on the market, writes Glenn Dyer.
Officeworks
Woolies rubs salt in Coles’ wound (for now)
To Coles, Woolworths has become taillights vanishing in the distance. However, retailing, and grocery retailing in particular is a highly labile sector. Not too many years ago, the positions of Coles and Woolworths were reversed, notes retail commentator Rob Lake.
Expect a less blokey Coles under Wesfarmers
Women can expect a stronger voice at the new Coles. And other things, writes retail commentator Rob Lake.
