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Woolworths eyes strong profit growth

October 12, 2018
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Woolworths is set to increase profits by up to 23% this year as itcontinues to steal market share and implement an aggressive pricingstrategy. – Brisbane Times (The Brisbane Times — 27 August, 2007)
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Woolworths chief Michael Luscombe outlines a plan to lure moreshoppers by offering deeper price cuts and investing more insupermarkets to increase profit by up to 23 per cent in fiscal2008. (The Age — 28 August, 2007)
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THE chief executive of Woolworths, Michael Luscombe, has vowed tokick its major competitor while it is down, unveiling a majorexpansion strategy as profits continue to surge. (Sydney Morning Herald — 28 August, 2007)
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Woolworths Ltd, Australia’s largest supermarket chain, posted a 27 percent jump in second-half profit after grabbing market share from rival Coles Group Ltd, and tipped more growth this year. (CNN — 27 August, 2007)
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Australia’s biggest retailersays it expects further profit growththis year. (The Age — 27 August, 2007)
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THE potential locked up inside Coles’s food and liquor businesseswas underlined by the profit result Woolworths chief executiveMichael Luscombe handed down yesterday. (Sydney Morning Herald — 28 August, 2007)
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Australian shares rose 1.6 percent on Monday as strong earnings andan upbeat outlook lifted shares in top retailer Woolworths, whileUS-exposed firms such as CSL rose on surprisingly strong USeconomic data. (Sydney Morning Herald — 27 August, 2007)
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