Woolworths NZ lifts first-half sales 2.3 percent amid slow inflation, tough trading conditions

Thu, 31 Jan 2013

Jan. 31 (BusinessDesk) - Australian supermarket chain Woolworths, which accounts for about 40 percent of New Zealand's supermarket sales, increased first-half revenue 2.3 percent on this side of the Tasman, even as trading conditions remain tough and consumer price growth non-existent. The group's New Zealand supermarkets increased sales to $2.94 billion in the 27 weeks ended Dec. 30 from $2.88 billion a year earlier, the ASX-listed company said in a statement. Total group sales rose 3.2 percent to A$30.68 billion, including a A$642 million...

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