COUNTRY ROAD NEWS ON FASTMOVING

Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared  read more

A surge in Woolworths’ sales, which bucked the weaker sales growth trend of ailing local retailers, was because the food and fashion retailer was not dependent on credit like its competitors, analysts have said.  read more

Cape Town - A steadfast commitment to exceptional quality, service and big dreams has allowed a startup company to turn their dreams into reality by manufacturing and supplying luxury paper bags for Country Road and Trenery - brands owned by Woolworths Holdings [JSE:WHL].  read more

Australian retail mogul Solomon Lew has lashed out at Woolworths, accusing the South African company of using the planned acquisition by Country Road of fashion group Witchery to force him out of Country Road, legal letters revealed yesterday.  read more

Johannesburg - Retailer Woolworths Holdings [JSE:WHL] announced on Wednesday that its indirectly-held subsidiary‚ Country Road‚ has entered into an agreement to acquire the Witchery Group from Gresham Private Equity for A$172m. Witchery is one of Australia’s leading fashion brands. read more

JSE-listed Woolworths on Friday failed to shed any further light on a possible transaction between Gresham Private Equity and its Australian subsidiary, Country Road.  read more

A wait-and-see approach should be applied to gauge the performance of international clothing labels as more foreign stores were making their way to the South African market, retail analysts said last week.  read more

Woolworths Holdings (WHL) on Thursday reported a 35.9% rise in diluted headline earning per share to 131.3 cents for the 26 weeks ended December 2011 from 96.6 cents previously. read more

Woolworths Holdings on Thursday reported a 35.9% rise in diluted headline earning per share to 131.3 cents for the 26 weeks ended December 2011 from 96.6 cents previously. read more

Woolworths on Tuesday reported an 11,4% rise in sales for the first 26 weeks of the 2012 financial year compared with a year earlier. read more

Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year. read more