Woolworths Warns on Australia
Woolworths Holdings Ltd. reports slowed trading in Australian apparel. Investment in South African food division weighs on margins.
Nadia Okonkwo
Tech & Business Reporter
Introduction to Woolworths Holdings Ltd.
Woolworths Holdings Ltd. has reported a significant slowdown in trading in its Australian apparel business towards the end of the first half.
Impact on Margins
The stepped-up investment in its South African food division has also weighed on margins. The Australian market has been highly promotional, which affected the company's performance.
RELATED READING
SOURCES & REFERENCES
This article was researched and compiled by the PulseAfrica editorial team using information from international news sources including Reuters, BBC Africa, Al Jazeera, AFP, and local African media outlets. PulseAfrica is committed to accurate, balanced and independent journalism covering all 54 African nations in three languages.
