Slowing Woolies sales may be part of a trend
Retailers’ trading updates due over the next few weeks are likely to disappoint, says analyst
Woolworths sold lower volumes of food and clothing in its half-year to Christmas, with the company highlighting consumer weakness, delays at the ports, load-shedding and bird flu — which may have led to higher chicken prices.
The weaker sales mean headline earnings per share (HEPS) from continuing operations, a main profit measure, will drop by 5%-10% year on year...
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