Woolworths stories
Countdown saw a 1.1% boost in 1Q sales to NZD $1.5 billion, driven by new store openings, while comparable sales dipped 0.1% amid flat prices.
Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.
Dick Smith exceeds sales forecast with AU$1.228bn for FY14, but falls behind last year's figures of AU$1.280bn.
Dick Smith, now free from its financial obligations to Woolworths, embarks on a new chapter of growth and expansion under Anchorage Capital Partners.
