Woolworths Profit Falls as Higher Rates Trim Spending (Update1) - Bloomberg
Story date: 2008-08-21 04:13:00
Added on: 2008-08-21 11:10:11
Aug. 21 (Bloomberg) -- Woolworths Holdings Ltd. , South Africa's second-largest clothing retailer by market value, posted a 6.4 percent decrease in second-half profit as higher interest rates stifled consumer spending and bad debts increased. Net ...
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