Retail in Asia

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Woolworths posts USD14.5b in sales

Australian retail giant Woolworths has lifted its third quarter sales by 3.8 percent, but says uncertainty caused by the carbon tax and interest rates makes it cautious about the coming months.

Woolworths on Friday reported total sales of AUD14.07 billion (USD14.53b) in the 13 weeks to 1 April, up from AUD13.56b in the previous corresponding period.

Sales in supermarkets, bottle shops, petrol, Big W, hardware and its hotels all rose from the previous corresponding period.