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Coles Q3 sales could fall short of arch rival Woolworths as shelf prices continue to fall amid heavy discounting and food deflation, analysts say
Retail giant Woolworths says third quarter sales volumes rose 3.8 per cent but average prices dropped 4.4 per cent, leaving more money in customers' pockets.
Australian Pharmaceutical Industries has unveiled a first half profit of $18.3m, with its return to profitability aided by its expanding Priceline chain.
Westfield will sell eight shopping centres in the US for $A1.11 billion to reduce debt and invest in developments like the new World Trade Centre.
Billabong has completed a $276 million sale of half of its Nixon brand with Billabong & TCP to each own 48.5 per cent and Nixon management to own 3 per cent.
Bega Cheese will produce 19,000 tonnes of cheese for Coles to sell using its own supermarket brand in the next five years.
