Woolworths has reported a 10 percent rise in food sales for the year. But this wasn’t enough to prevent a 65 percent fall in annual earnings.
The retailer was affected by the temporary closure of most of its non-food services as a result of the first lockdown.
The company’s fashion, beauty and home business took a 10 percent dive in sales.
Its troubled Australian division David Jones saw sales decline for the year.
In other news – Somizi under fire, former manager exposes him for allegedly stealing from him
Former artist manager Veli Dlamini has told how he lost his vehicle and medical aid cover after choreographer Somizi Mhlongo allegedly dumped him on a contract to produce a fitness DVD that he had invested more than R100,000 in. Learn more
Source: eNCA
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