Summary
WOOLWORTHS today rushed out news of disappointing Christmas trading, the first of the major retailers to update the market on how it has fared over the past few nail-biting weeks.
It had been expected to issue its festive trading statement in mid-January but brought it forward as a result of a warning from the Financial Services Authority last month that retailers must update the market as early as possible if their figures fall short of market expectations.See the full content of this document
Extract
Woolworths Admits to a Christmas Sales Flop
The toys market was "difficult" and entertainment sales were hit by pirated versions of blockbuster DVDs such as Harry Potter...
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