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... australia’s largest supermarket chain, woolworths limited, today reported an increase in net profits after tax (npat) of 5 ... commenting on the company’s full-year results, published today, woolworths ceo michael luscombe claimed the company’s profit increase to be a “sound result” given the “particularly challenging” retail environment in australia over the past year ... woolworths limited chairman, james strong added, “the board is pleased to announce a 6 ... ” woolworths announced in may 2011 the creation of a home hardware chain using the brand ‘masters’ ... mr luscombe said “as woolworths plans for future growth, through expansion into the circa a$40 billion home improvement market, we anticipate start-up costs for masters of up to $100 million, which will impact our overall earnings in 2012

... south african grocery retailer woolworths holdings has confirmed it plans to enter angola ... however, a spokesperson for the retailer did not reveal when the retailer would enter the country, or how many outlets it plans to open ... in an interview with reuters yesterday, woolworths chief executive simon susman said: "we should be stronger in africa ... " the retailer already operates in botswana, kenya, namibia and ghana, and susman told reuters that woolworths plans to expand existing operations in mozambique, zambia, ghana and uganda

... supermarket group woolworths ltd plans to ramp up its investment in price in order to drive sales volumes ... in its earnings release on friday (26 february), woolworths posted a 6% increase in half-year revenues to a$27 ... during the half, woolworths spent a$120m on lowering prices on 3,500 grocery items, cuts that came on top of the retailer’s programme of weekly promotions, ceo michael luscombe revealed during a presentation to analysts ... nevertheless, woolworths management revealed it expected to increase the company’s investment in pricing, which will be funded by margin expansion