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Coles Group (STU:2OF) Accounts Payable & Accrued Expense for Financial Companies


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What is Coles Group Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Coles Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (STU:2OF) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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Address
800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123
Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of over 1,800 stores and roughly 80% of Australian live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process 17 million individual customer transactions a week. This compares with Woolworths serving about 30 million customers per week from Australia's population of 25 million.