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Michael Luscombe

Woolworths NZ first quarter sales up

Woolworths Australia yesterday posted a 4.8% increase for its Woolworths, Countdown and Foodtown New Zealand supermarkets.

The ASX-listed company's first quarter results, to October 4, shows sales of $NZ1.3 billion for the company's New Zealand supermarkets and comparable sales of 4.5%, indicating a positive response to its new formats, improved ranging, private label and stock improvements, it said.