Woolworths sales growth beats inflation, as CEO pledges value focus
Inside Retail
MAY 1, 2023
Woolworths Group has reported an 8 per cent boost in group-wide sales during the third quarter to $16.338 billion. That’s marginally ahead of the 7 per cent inflation rate during the same three months but higher growth than archrival Coles reported last week at 6.5 per cent. Woolworths Group CEO, Brad Banducci, said customer spending levels were stable during the quarter “however value-conscious customers are becoming more thoughtful about their discretionary spend, trading into more affordable
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