Coles keeps the pressure on Woolworths

It doesn’t get any easier for Woolworths (ASX: WOW). A week after the struggling retailer’s strategy update, Wesfarmers (ASX: WES) produced one of its own, explaining how Coles will keep the pressure up.For starters, Coles plans to keep improving its store network, upgrading high-performing stores, closing weak ones and filling in gaps in the network – this should ensure that Woolworths gets no free kicks in terms of local competition.Like Woolworths, Coles is also working on its online offering – making its ‘Every Day’ range, catalogue specials and multi-buys available online, improving in-store picking efficiency and establishing a network of click & collect stores.Work also continues...

It doesn’t get any easier for Woolworths (ASX: WOW). A week after the struggling retailer’s strategy update, Wesfarmers (ASX: WES) produced one of its own, explaining how Coles will keep the pressure up.

For starters, Coles plans to keep improving its store network, upgrading high-performing stores, closing weak ones and filling in gaps in the network – this should ensure that Woolworths gets no free kicks in terms of local competition.

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