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Australian deal props up Woolworths sales – Business Day

Australian deal props up Woolworths sales – Business Day

Woolworths’ food and clothing sales grew at a slower pace on a like-for-like stores basis in the 26 weeks to December 28 compared with a year ago, the company’s trading update released on Thursday shows. But thanks to its R23.3bn takeover of Australian department chain David Jones (DJs), Woolworths’ sales rose 55.2% in the first 26 weeks of its 2015 financial year. Simon Anderssen comments.
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