Woolworths sees sales on the rise
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Woolworths' entertainment wholesale business helps to drive group sales, but trade at its own stores dip.
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The retailer's earnings improve a lot despite soft sales.
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Australia's largest retailer Woolworths Ltd Tuesday reported a 28 percent rise in first half net profit to a record 695.6 million dollars (552 million US).
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Woolworths says sales over the Christmas period were "disappointing" with sales of toys and DVDs worse than expected.
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Australia&#39;s largest retailer, Woolworths, said Monday its annual net profit jumped 27.5 percent to a record 1.294 billion  dollars (1.026 billion US).
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Marks and Spencer is set to report a growth in Christmas sales despite High Street gloom, reports suggest.
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Sales might be down, but the stocks are rising.
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SYDNEY Woolworths&#39;s second-half profit rose 12 percent after Australia&#39;s biggest grocer cut the cost of getting goods to its shops and opened 37 new supermarkets and liquor outlets.
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British sweets-to-DVDs retailer  Woolworths  said trading over the key Christmas period  had been "very challenging" but it expected its retail business  to return to profitability this year.
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The National Retail Federation will predict a sales increase of 5 percent, to $457.4 billion, compared with last year.
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n Overall fourth-quarter retail sales this year are expected to be 6.5 percent higher than last year&#39;s -- the biggest increase since 1999.
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Club makers and assorted equipment providers expect sales to reach nearly $4 billion this year, up slightly from last year.
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New acquisitions and products should increase sales.
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SYDNEY: Australian supermarket group Woolworths Ltd reported a better-than-expected 12% gain in second-half profit on cost savings, and forecast a rise of up to 15% in 2005 earnings despite increased competition.
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High Street sales saw their strongest growth last month since mid-2006   despite recent rate rises, a report says.
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Online merchants are poised to record a much bigger rise in holiday sales than their offline counterparts. Broadband expansion, more luxury gift sales and a rise in late shoppers help the bottom line. By Joanna Glasner.
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SYDNEY: Woolworths Ltd said it will extend its latest bid for hotels group ALH Ltd after Australia&#39;s takeover regulator intercepted what could have been a knock-out blow in the retail giant&#39;s takeover battle with rival Coles Myer.