Festive sales flat at Woolworths
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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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Gift cards were hot; department stores were not. The pricier the goods, the better they sold. American Eagle Outfitters was the store to shop; Aeropostale was so 2003. And for stores with all the wrong stuff, not even huge discounts saved Christmas.
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The retailer posts modest gains in total sales and comps.
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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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That's it, man - game over, game over! Woolworths has thrown its high street heft behind the Blu-ray Disc format. From March, it will no longer sell HD DVDs in its shops.â¦
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Supermarket Sainsbury's reports a modest rise in sales over the Christmas period, in line with forecasts.
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Supermarket Sainsbury's reports a modest rise in sales over the Christmas period.
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Woolworths Ltd.&#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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January retail sales were unexpectedly flat as motor vehicle, gasoline and electronics sales dipped sharply in the post-holiday season after a December that was stronger than originally indicated, a Commerce Department report showed Wednesday.
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Stocks finished largely flat on news of weaker-than-expected retail sales and a jump in oil prices.
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Strong sales of TVs and DVD players boost pre-Christmas sales at Dixons but the firm says it remains cautious about future trading.
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Meager sales gains aren't much cause for worry at the big A&F.
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The first Christmas shopping weekend of the year may have started with a bang, but it ended with a whimper, evidence from two groups that track sales showed on Tuesday.
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Retail chain Woolworths has pulled HD DVD from its stores and will focus exclusively on selling Blu-ray Disc DVD players, citing an enormous drop in comparative sales over the Christmas season.
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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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Upscale housewares retailer Williams-Sonoma Inc.  on Tuesday said sales at its stores open at least a year were flat over the eight-week holiday period compared with a year earlier.
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Woolworths says it expects its High Street retail arm to return to profit despite waning consumer confidence.