South African upmarket fashion and food retailer Woolworths said it expects to report a decline of up to 32% in full-year total headline earnings on weak sales, as higher living costs continue to weigh on discretionary spend.
South Africa's Woolworths flags sharp drop in profit as shoppers spend less
South African upmarket fashion and food retailer Woolworths said it expects to report a decline of up to 32% in full-year total headline earnings on weak sales, as higher living costs continue to weigh on discretionary spend.