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Coles and Woolworths' Soft Drink Sales Slump Amid Health Fears

Soda sales are slumping around the world, sending retailers like Coles, Woolworths, Foodworks and IGA supermarkets into a frenzy of concern about losing an estimated $80 million in soda sales, The Age (Australia) reports. The Age added that “the news is particularly bleak for the sugar industry.” Sugary beverage sales are going down in the U.S. too, decreasing by 25 percent between 1998 and 2014. But the bad news is that soda companies have shifted their focus to developing...

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