SOUTH African fashion retailer Woolworths reported on Wednesday a 7.5% fall in half-year earnings as consumers pulled back on discretionary spending and as the country’s energy and logistics crisis persisted.
The food, fashion and beauty retailer, which targets the mid- to upper-income segment of the country, said its headline earnings per share (HEPS) from continuing operations fell to 203.3 cents in the 26 weeks ended December 24, down from 219.9 cents a year earlier. – moneyweb.co.za