Coles profits edge up, but inflation hurts both consumers and earnings growth - ABC News

Up to 20 per cent of Coles shoppers are finding it tough and spending less says the retail giant, while it struggles with price rise demands from many of its grocery suppliers.

Supermarket giant Coles has said the higher cost of living is starting to bite for some customers. Key points:

• Coles recorded a 4.3 per cent increase in profit to $1.05 billion
• The … [+3513 chars]
  full article...