Wednesday, April 29, 2020

Coles sales surge as households hoard; CEO Steven Cain says restart of economy becoming urgent once COVID-19 is contained

Panic buying in the early phase of the COVID-19 restrictions has resulted in record sales for the Coles supermarket chain given the hoarding of toilet paper and more recently flour to feed a baking craze. 

While the behaviour of anxious shoppers have been great for the Coles bottom line, it's chief executive Steven Cain has become the latest business leader to say the time is getting closer to re-open the economy.

I spoke with Steven Cain after the sales results were released



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