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Australia's Woolworths slashes profit outlook, looks for new CEO

2015-06-17 06:30:08| Agriculture - Topix.net

The logo of Woolworths in Australia, where the retailer sharply cut its profit forecast and said its CEO will be stepping down. Photo: AFP The sense of crisis swirling around iconic Australian supermarket chain Woolworths Ltd erupted into the open on Wednesday as the retailer slashed its profit forecast and said its chief executive would step down.

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