AUSTRALIA: Woolworths hint at decline in growth, deny concern over Aldi
At what was apparently the most active AGM ever attended by chairman John Dahlsen, Australia's second largest supermarket group Woolworths warned shareholders that it was experiencing a decline in growth over the financial year. Yesterday's meeting (20 November) saw CEO Roger Corbett blaming poor economic conditions and the failure of the Ezy Banking venture to reach profit for the distinctly mediocre forecasts.
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