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Woolworths 26 week update

Woolworths have released a sales update for the first 26 weeks of their financial year to end 28 December. So I guess no New Years sales in there. Excluding the impact of David Jones, group sales increased 12.5 percent. Total sales, including David Jones were up 55.2 percent, just showing you how huge the shift has been for the company. The ability to change the landscape of Australian retail should not be underestimated, David Jones could be huge, no doubt there are big plans afoot. So far the market likes the sales update, the stock is up 2.8 percent in early trade. Results are expected to be around the 12th of February. Exciting times, wait for more analysis when it comes!


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