Australian Retailer’s Purchase Highlights Weak Spot

 In Australia, NewZealand, Woolworths

Woolworths Ltd.has been out shopping and what’s in its cart reflects Australian supermarket operators’ rising worries about the difficulty of luring more people into the aisles.

Woolworths has agreed to buy New Zealand-based retailer EziBuy Holdings Ltd. for 350 million New Zealand dollars (US$275 million), in a move that is expected to improve its ability to reach customers who do much of their shopping on the Internet or through catalogues. The Wall Street Journal – Read More.

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