Woolies shares fall as sales stall

 In Australia, NewZealand, Woolworths

Retail giant Woolworths has reported flat same-store food and liquor sales in the third quarter, its slowest rate of growth in more than a decade, falling well short of analysts’ expectations.


Seven analysts had on average expected 0.5 per cent growth in like-for-like Australian food and liquor sales, after an increase of 1.1 per cent in the second quarter and 1.9 percent in the first.  Sydney Morning Herald – Read more…



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