Green shoots at Woolworths bring some relief
Strong growth in its SA food business reignites high-end retailer’s sales in the year to end-June
Woolworths, which has been battered by a disastrous R21bn acquisition in Australia, is getting some relief from its domestic groceries business.
Strong growth in the South African food business reignited the high-end retailer’s sales in the year to end-June.
Together with evidence of a turnaround in the fashion, beauty and home division, that offset another tepid performance in Australia and boosted its shares to their best level in six months.
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