Sales picked up in second half but group took knock from extended lockdowns in Australia
High-end food and clothes retailer Woolworths says while sales picked up in its second half after Covid-19 lockdowns in Australia turnover grew a subdued 1.4% in its 2022 year.
Lockdowns in Australia had required store closures affecting 70% of the group’s brick-and-mortar store base, while SA’s civil unrest also had its effects, the firm said, along with load-shedding and rising interest rates. Fashion, beauty and home grew full-year sales by 5.4%, even though trading space fell 4.5%, with this business supported by new winter ranges and market share gains, Woolworths said. It had also seen a stronger performance from the rest of Africa.
David Jones’s second half sales had risen 4.3%, the retailer said on Tuesday, with trading space falling 2.6% year on year.Woolworths has struggled in Australia with its David Jones business, and its share had lifted earlier in 2022 after media reports suggested it was looking to sell it.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: NZ prime minister says early signs that Covid-19 cases fallingWELLINGTON, July 25 (Reuters) - New Zealand Prime Minister Jacinda Ardern said on Monday that there were early signs that new Covid-19 cases were falling, even as hospitalisations jumped to their highest level since March.
Read more »
COVID-19: New Zealand Covid-19 death rate at record levelsWELLINGTON, July 22 (Reuters) - New Zealanders are dying from Covid-19 at record rates as the country battles a new wave of the Omicron strain that is particularly affecting the older population.
Read more »
With the regulations lifted, what are the recommendations for controlling Covid-19?The NICD says vaccines remain the most effective method to prevent and control severe Covid-19 after the lifting of regulations.
Read more »
Discovery Life has redefined its severe illness cover to factor in Covid-19SPONSORED | Discovery_SA re-engineered its comprehensive severe illness benefits to provide the comprehensive cover anticipated by the client, as a result of Covid-19 infection.
Read more »
READER LETTER | Covid-19 pandemic is still very realREADER LETTER | Covid-19 pandemic is still very real: US President Joe Biden is a senior and thus more susceptible to both Covid-19 and the consequences of it, including the risk of death and long-term Covid-19.
Read more »