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Coles Group (ASX: COL) was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018 after 10 years of ownership. However, the Coles name has operated in Australia for 100 years. Today, Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.
Before buying Woolworths Group Ltd (ASX:WOW) shares I’d consider Coles Group Ltd (ASX:COL) shares on the basis of valuation.
At today’s price, is the Wesfarmers Ltd (ASX:WES) share price a buy?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.10% on Monday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.40% at lunch.
The Woolworths Group Ltd (ASX:WOW) and Coles Group Limited (ASX:COL) share prices could be worth watching as they battle international suppliers.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.21% on Thursday.
Charter Hall Retail REIT (ASX:CQR) shares are in a trading halt this morning to announce the acquisition of Rockdale Plaza, 12km south-west of the Sydney CBD.
The Woolworths Group Ltd (ASX:WOW) share price is up more than 2% in early trade after announcing a few pieces of news.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.22% at lunch.
