More shoppers say Coles is their main supermarket than any other in a significant reversal of sentiment towards Woolworths, which has fallen behind its smaller rival for the first time in years.
Of 1000 people surveyed by analysts at UBS, 38 per cent described Coles as their primary supermarket, one point higher than Woolworths. It is the first time that Coles is above Woolworths in the survey. According to the same analysts, 44 per cent of shoppers described Woolworths as their main supermarket before the COVID-19 pandemic.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.