31 Jan 2013

Woolworths' half year sales continue to rise

7:40 pm on 31 January 2013

Woolworths' half year sales have continued to rise at its Countdown supermarket chain in New Zealand.

Sales at its 165 Countdown stores rose 2.3% to $2.9 billion in the six months to the end of December, though a key indicator, sales at stores open at least a year, remained flat.

Woolworths chief executive Grant O'Brien says New Zealand is experiencing low growth and even lower inflation, but Woolworths has continued to take market share from its rival Foodstuffs, which operates the Pak n Save and New World supermarket chains.

He says there is a contraction of the market share in New Zealand, but within that Woolworths' market share continues to grow.