Michael Luscomb

Australia's largest retailer Woolworths Ltd sees nothing that will loosen consumers' tight-fisted shopping habits as another tough year looms, reinforcing dovish commentary from Australia's central bank. Woolworths, which matched analyst forecasts with a 4 percent rise in fourth-quarter comparable food...

Michael Luscombe would be reasonably satisfied with Woolworths' performance, in the circumstances, as he prepares to hand over responsibility for the retailer to Grant O’Brien. In difficult conditions, particularly for the group’s general merchandise brands, the 4.1 per cent increase...

Australia's largest supermarket chain Woolworths Ltd posted a 27 per cent rise in second-half profit. The second-half net profit of A$598.4 million compared favourably against A$471 million last year. The Sydney-based company has also managed to extract market share...