Australia's Coles looks to technology to cut $685 million in costs [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
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Source: Reuters
Australia's Coles looks to technology to cut $685 million in costs - Reuters 1 Min Read June 18 (Reuters) - Coles Group Ltd, Australia’s second-biggest grocery chain, unveiled a planned A$1 billion ($685.40 million) in cost savings by financial year 2023 on Tuesday, as the company looks to technology to cut costs. The supermarket sector is battling intense competition, squeezed by rising costs and lower consumer spending. ($1 = 1.4590 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru Editing by Matthew Lewis) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Australia's Coles looks to technology to cut $685 million in costs June 18 (Reuters) - Coles Group Ltd, Australia’s second-biggest grocery chain, unveiled a planned A$1 billion ($685.40 million) in cost savings by financial year 2023 on Tuesday, as the company looks to technology to cut costs. The supermarket sector is
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