Does Coles have a strategy?
The AFR commented on the approaching Coles ASX listing. A voluminous information memorandum is expected to be released on the 15th of October, to be focused mainly on the business as it stands. In the meantime, what fund managers are trying to figure out is Coles' strategy moving forward. A strategy typically has various components to it, including proactive and reactive elements. So far, we have only seen the latter, which won't stop Aldi, Costco and Kaufland from progressively eroding the Coles-Woolworths duopoly.