Woolies, Breville stay toasty
Reports of the death of retailers and consumers may have been exaggerated, judging by the share price performances of supermarket chain Woolworths and toasters-cum-coffeemaker company Breville Group.
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Woolies’ shares have been on the rise since early February, shortly after it announced it was pulling the plug on its electronics chain Dick Smith, and at yesterday’s $26.60 close are now almost 10 per cent higher.
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Retail rival Dick Goyder’s Wesfarmers must be wishing that the market was giving its Coles, Target, Bunnings and Kmart businesses the same sort of rating. Wesfarmers’ shares at $29.69 are less than a handful of cents higher than they were back in February. Sydney Morning Herald – Read more…
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