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Woolworths carves out market share in SA as food and fashion sales jump

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Food sales in the retailer's 20 weeks to end November 11 jumped 8.8%, while its fashion and home business also gained market share

In Australia, David Jones sales declined 2.1%, with the company saying a store refurbishment contributed to the declineRetailer Woolworths has gained market share in its food and fashion businesses in the 20 weeks to November 17, even as its Australian operations continued to underperform.

The group’s fashion, beauty and home segment grew sales 2.8% during the period, ahead of market share growth as reported by the retail liaison committee for October, the company said. Comparable store sales, including online, declined 0.7%, the company said. Country Road sales declined 4.7%.

 

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And yet share price keeps declining WOOLWORTHS_SA

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