Woolworths share price recovers on renewed optimism
‘The bulk of the heavy lifting has now been done,’ says analyst
12 June 2019 - 17:18
Shares in Woolworths have rebounded in recent weeks, thanks to a recovery in the sector and optimism that the worst may be over for the high-end retailer, whose foray into Australia has proven costly for investors.
Despite the rally, Woolworths’s shares remain more than 50% below the highs of over R100 seen in 2015, soon after it finalised the acquisition of Australian department store chain David Jones...
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