Woolworths cut prices for shoppers, helping the nation’s biggest grocery retailer beat market expectations for quarterly sales growth as it battles to protect its share from a resurgent Coles.
However, disappointing clothing sales at Big W took the gloss off an otherwise upbeat trading report, with second-half losses for the discount chain now tipped to nearly double the company’s initial estimate.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
