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Woolies in for very merry Christmas

Woolies in for very merry Christmas
It will be a very merry Christmas for Woolworths as it leads in market share over rival Coles.
Chief executive Michael Luscombe says the business is going along quite nicely and he is looking forward to the important end-of-year trading period when shoppers will splure on Christmas treats.
He told journalists after the company’s annual general meeting rising interest rates could hurt consumer confidence but a December interest rate rise won’t impact the business a great deal because it sells the basic commodities of life.

It will be a very merry Christmas for Woolworths as it leads in market share over rival Coles.

Chief executive Michael Luscombe said the business is going along quite nicely and he is looking forward to the important end-of-year trading period when shoppers will splure on Christmas treats.

He told journalists after the company’s annual general meeting that rising interest rates could hurt consumer confidence but a December interest rate rise won’t impact the business a great deal because it sells the basic commodities of life.

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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