While its food division contributed 40% of group revenue, its contribution to pretax profit was 36%. Its clothing and general merchandise division, meanwhile, contributed just 21% of revenue but 39% ...

"The impact of softer-than-expected topline growth in our apparel businesses, coupled with pressure on gross profit margins and increased operating expenditure attributable to our transformation ...

Woolworths Holdings Ltd.’s latest efforts to fix its clothing unit have hit an obstacle: Consumers in South African and Australia struggling with strained disposable incomes. Net income at the Cape ...

JOHANNESBURG, Sept 3 (Reuters) - South African retailer Woolworths (WHLJ.J), opens new tab said it was banking on a revamped Australian fashion chain and a recovering domestic clothing business to ...

A month after Woolworths Holdings released its dismal financial results, analysts have told shareholders not to give up on the retailer because it has a loyal customer base that is keeping its ...

JSE-listed food, clothing and homeware retailer Woolworths has declared a final dividend of 149 cents, a 125.8% increase on that declared in the prior year, boosted by an improved group trading ...

A shopper walks to a Woolworths store in Johannesburg, South Africa, March 2, 2022. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG, Jan 28 (Reuters) – South African upmarket retailer Woolworths ...

Retailer Woolworths says it is banking on a revamped Australian fashion chain and a recovering domestic clothing business to fuel growth in 2026 after reporting a 23.9% drop in full-year earnings.

Woolworths Holdings, a South African upmarket retailer, saw a 24.8 per cent drop in first-half profit due to lower-than-expected growth in its clothing businesses in South Africa, Australia, and New ...