Wool­worths’ loss

The Sunday Independent - - BUSINESS REPORT -

SOUTH African re­tail gi­ant Wool­worths re­ports its first de­cline in an­nual prof­its in eight years. The com­pany blames weak con­sumer con­fi­dence and po­lit­i­cal un­cer­tainty in its home mar­ket of South Africa and slug­gish sales in Aus­tralia, say­ing these have hurt its bot­tom line in the year to end June.

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