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Games boosts Woolies

The High Street retailer’s trading statement highlights gaming as one of the successes over the Christmas season after a “comparitively weaker” October and November, which was blamed on a shortage of gaming products and a lack of blockbuster DVD releases.

In line with many of its retail contemporaries, online sales were the strongest performer of all, the firm citing a “well documented shift” toward Internet shopping among consumers.

Woolworths chief executive Trevor Bish-Jones was pragmatic in assessing his company’s overall trading situation. “By taking early costs, keeping stocks under control and carefully balancing sales and margin we have turned in a satisfactory performance on our key trading period,” he commented. 

“In the coming year we believe the retail environment will be challenging through a combination of weak consumer demand and rising costs such as rents and energy.”

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