Woolies profit down, food prices to rise
Woolworths has posted lower first-half profit while its boss is warning food prices will keep increasing due to inflation.
Woolworths has posted lower first-half profit while its boss is warning food prices will keep increasing due to inflation.
Coles has delivered a two per cent drop in profit as higher costs and lower convenience store sales hit half-year results.
Easing of lockdown restrictions and a splurge by festive season shoppers have helped retail sales jump by a record 8.2 per cent in the December quarter.
The operators of an abattoir in SA's southeast have defended their handling of a coronavirus outbreak that spread from the local community to the facility.
The ANZ-Roy Morgan consumer confidence index has dropped 2.2 per cent as a result of the rapid spread of the Omicron variant.
Woolworth says its stock flows and operating rhythm were rocked by the Delta coronavirus scare in the first six months of fiscal 2022.
Woolworth says its stock flows and operating rhythm were rocked by the Delta coronavirus scare in the first six months of fiscal 2022.