Food and fashion mega compnay Woolworths sees a significant increase in earnings while battling load shedding as more shoppers return to the stores.
Retail giant Woolworths is expecting a huge hike in earnings while fighting off load shedding as more people return to stores.
In South Africa, Woolworths’ Fashion Beauty Home business has a great start to 2022 as its turnover and concession sales grew by 10.8% and by 10.9% when compared on a store basis. Despite their FBH business thriving, the group reported that trading space reduced by 2.4% over the prior period as online sales grew by 1.5% – contributing to 4.2% of South African sales.
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