Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 3AW online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

‘Cautious optimism’: Woolworths’ profit soars by 56 per cent

Article image for ‘Cautious optimism’: Woolworths’ profit soars by 56 per cent

Woolworths has posted a 56 per cent jump in net profit despite signs of a weakening consumer confidence in the retail market.

The supermarket giant profits came out at a total of $2.7 billion, beating its rival Coles.

But after weak results from its Big W chain, Woolworths has announced it will push ahead with plans to close 30 of the most unprofitable department stores.

Woolworths CEO Brad Banducci tells Ross Greenwood the results are good but they are still cautious.

“When you’re in retail there’s always going to be a challenge thrown at you so cautious optimism should always be there, the carrying cry of the day.

“We’re optimistic but we need to be cautious and see what happens as we run into Christmas.”

Click PLAY to hear the full interview

Deborah Knight
Advertisement