UPDATE 2-Coles special dividend, online sales overshadow profit drop, shares rise

Australian retailer Coles Group reported on Thursday a jump in online sales and a special dividend that cheered investors, putting its shares on track for their biggest one-day gain in two months. The century-old retailer, which has battled bigger rival Woolworths in the brick and mortar space for years, is investing heavily in expanding its online business to fend off online competitors such as e-commerce giant Amazon.

source https://finance.yahoo.com/news/2-coles-special-dividend-online-000103962.html?.tsrc=rss

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