22 November 2023
The Weekly
South Africa

Woolies sales to rise 4.7% in the 20-weeks ending November 12 as it had invested in its core businesses and newer products. Woolies reported a couple of issues during the period, such as a taxi strike in the Western Cape province, port congestion, long power cuts, as well as the consequences of avian flu. Sales on an overall basis are expected to have fallen by 22.4% compared with the same period a year ago, which included a contribution from David Jones. sales to rise 4.7% in the 20-weeks ending November 12 as it had invested in its core businesses and newer products. Woolies reported a couple of issues during the period, such as a taxi strike in the Western Cape province, port congestion, long power cuts, as well as the consequences of avian flu. Sales on an overall basis are expected to have fallen by 22.4% compared with the same period a year ago, which included a contribution from David Jones.

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