The supermarket giant’s full-year profit to 30 June was down 12.5% from the previous financial year

The supermarket war engulfing Woolworths claimed another victim on Friday when company chairman Ralph Waters stepped down after the chain announced a 12.5% slide in its full-year profit.

Amid intense competition from Coles and German retailer Aldi, Woolworths made a net profit of $2.15bn for the year to 30 June down from $2.45bn in 2013/14.

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Source: The Guardian Circular Economy RSS