will coles figures surpass those of woolworths, page-6

Part of article in Businessday:

'The turnaround story at the Coles supermarket giant might be only partly complete but its dazzling third-quarter sales figures released today will give arch rival Woolworths some major heartburn.

The past 12 weeks reveal that the much vaunted comparable store sales figures in Coles' food and liquor division jumped 7.2 per cent, which is more than double Woolworths' 3.3 per cent rise (over 13 weeks), and a long way away from the dark days of 2007 when comparable store sales at Coles were less than 1 per cent.

These latest sales figures are the seventh consecutive quarter during which Coles has outperformed Woolworths in percentage terms, and the sixth consecutive quarter in which it has beaten them in absolute dollar terms.....'

http://www.businessday.com.au/business/coles-turnaround-wows-rival-20110420-1do9n.html