COUNTDOWN has increased its revenue by 1.1% in its first quarter with sales at Kiwi supermarkets topping $1.5 billion for the 14 weeks to October 5th, up from $1.48 billion for the same period last year. The retailer blamed subdued market conditions and flat inflation for the 0.1% fall in comparable sales, excluding new store openings and closures, in the first quarter of its new financial year. Woolworths’ Aussie sales were up 3% to A$16.12 billion, however, these were also lower than expected due to increased competition.
NEW STORES DRIVE PROFIT FOR PROGS
