29 Jan 2009

Supermarket sales up 4% for Woolworths

6:51 am on 29 January 2009

Woolworths says supermarket sales increased nearly 4% to $NZ1.3 billion in New Zealand in the second quarter.

The Australian retailer, which owns the Woolworths, Countdown and Foodtown chains here, says sales at stores open at least a year rose 3%.

Overall, Australia's biggest supermarket operator saw sales rise 8% to $A13.3 billion.

While the group maintained its forecasts of sales growth for 2009, it warned there is a lot of uncertainty about the economy.

It cited the difficulty of predicting inflation, volatile fuel prices, interest rates, rising unemployment and consumer confidence.