Australian grocery chain Coles has initiated requests for increased product shipments following a deceleration in inflation that has spurred consumer purchasing. This has resulted in a notable uplift in its March quarter supermarket sales. This adjustment in pricing contributed to a 5.1% growth in supermarket sales, reaching AS9.1 billion over the 12 weeks ending March 24, surpassing analyst expectations of below 5% growth. Coles CEO Leah Weckert highlighted the company's ongoing dialogues with suppliers aimed at boosting volume and promotional activities to further stimulate sales growth. This financial performance update comes at a crucial time, potentially alleviating political pressures facing Coles and Woolworths regarding their role in the cost of living crisis and food insecurity in Australia.

Source: Economic Times May 01, 2024 11:49 UTC