Woolies set for first profit fall in 16 years, Merrill’s David Errington says
Woolworths’ net profit could fall 1.5 per cent in 2016 and 5 per cent in 2017 - the first fall in underlying profits for around 16 years - according to Bank of America Merrill Lynch.
Woolworths has gained exclusive rights to the iconic Hills Hoist clothes line as part of a 19-year licensing deal with Hills Ltd.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
