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woolworths holdings limited<br />

trading in tough times<br />

• Focus on value and quality whilst strengthening innovation<br />

• Improve availability<br />

• Utilise customer information to drive promotions and store catalogue<br />

• Continue to manage stock tightly<br />

• Improve margin<br />

• Continue to manage cost growth<br />

• Looking after our people<br />

• No change in the Retail strategy

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