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Woolworths NZ Grows Amid Price Wars | Auckland News
Woolworths New Zealand posted strong financial results last year, with operating earnings hitting $163 million and sales soaring to $8.49 billion — though growth slowed in the second half due to shifting consumer demand for value and internal store model changes. Managing Director Sally Copland reaffirmed the company’s commitment to keeping prices low, even absorbing rising red meat costs, while using promotions and rewards to retain and attract customers — a strategy that squeezed margins but boosted loyalty. Stock losses rose with the operational overhaul, but early signs point to recovery…
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