Woolworths urged to stay close to home
China Daily | Updated: 2008-09-18 08:04
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A customer pushes a cart as she leaves a Woolworths grocery store in Sydney. Bloomberg News |
News that Australia's largest grocer, Woolworths Ltd, is looking outside Australia and New Zealand for acquisitions has prompted a flurry of concern from analysts who point to the dismal record of local retailers venturing offshore.
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