Retail group Woolworths reported on Friday food sales remained resilient during the Covid-19 lockdown, with the group seeing a 1.1% decline in sales during its year to June 28.
This decline is in constant-currency terms, and also adjusts for the fact that the prior year included 53 weeks of trading. Excluding these effects, sales declined an annualised 1.9%.
The group’s Australian operations continued to weigh on its performance, with David Jones sales falling 8.1% in the nine weeks to June 28 as lockdowns in Australia and South Africa eased, while sales in Woolworths Food grew 16.1% as restrictions on the items it could sell eased.
Woolworths said the decline in foot traffic at David Jones was partly offset by a doubling in online sales during its second half, contributing 18.4% to sales at the Australian fashion retailer.
In the year to end June 28, Woolworths Food sales grew 8% in comparable terms, while sales at Woolworths Fashion, Beauty and Home fell 10.9%.
“The operating environment is challenging and fluid, and will remain so for the foreseeable future,” Woolworths said.
Woolworths reports slight decline in full-year sales
Retail group Woolworths reported on Friday food sales remained resilient during the Covid-19 lockdown, with the group seeing a 1.1% decline in sales during its year to June 28.
This decline is in constant-currency terms, and also adjusts for the fact that the prior year included 53 weeks of trading. Excluding these effects, sales declined an annualised 1.9%.
The group’s Australian operations continued to weigh on its performance, with David Jones sales falling 8.1% in the nine weeks to June 28 as lockdowns in Australia and South Africa eased, while sales in Woolworths Food grew 16.1% as restrictions on the items it could sell eased.
Woolworths said the decline in foot traffic at David Jones was partly offset by a doubling in online sales during its second half, contributing 18.4% to sales at the Australian fashion retailer.
In the year to end June 28, Woolworths Food sales grew 8% in comparable terms, while sales at Woolworths Fashion, Beauty and Home fell 10.9%.
“The operating environment is challenging and fluid, and will remain so for the foreseeable future,” Woolworths said.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending Now
Latest Videos