The outgoing boss of the supermarket giant says shoppers are changing their buying behaviour as rates bite.
Coles CEO Steven Cain says reopening Victoria's economy with low but well-managed case numbers would be the best way forward in the long term.
The head of supermarket giant Coles has warned inner-city retail could be seriously weakened by COVID-19 for years as many Australians will continue to work from home and it's unclear to what extent students and tourists will flock back to CBDs.
"It's not very often the Treasurer phones you in the first instance,and it's certainly not very often he asks you about toilet paper."
Supermarket giant Coles has booked stronger-than-expected sales over the Christmas period and unveiled a five-year tie-up with the AFL and AFLW.
The supermarkets'Little Shop 2 campaign was even more successful than the first time it was run.
Coles is kicking off a concerted push into convenience retailing with its first-ever restaurant-supermarket hybrid in Victoria.
However,these total payments pale in comparison to Woolworths boss Brad Banducci.
In 2017-18 162,417 migrants were welcomed under the Australian government's immigration program,well below the government ceiling of 190,000.
"Coles has spent the last 10 years reinvigorating and securing supply of fresh food in abundance and with quality and that's very difficult to replicate."