High-end food and clothes retailer Woolworths reported an improvement in SA clothing sales in its 2022 financial year, showing the strategy to fix the apparel division may be working, even as its food business lagged behind its peers.
In SA, the fashion, beauty and home division grew full-year sales by 5.4% in the 52 weeks to June 26 with same-store sales up 7.3%, despite trading space falling 4.5%, in line with the company’s plan to reduce rental costs. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Unless it caters for the XXXL market it is doomed to fail.
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