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One gets the eerie feeling that we are not being availed of the full story when it comes to retail stocks. What if this predicament were a little more structural than the analysts were forecasting?

One gets the eerie feeling that we are not being availed of the full story when it comes to retail stocks. What if this predicament were a little more structural than the analysts were forecasting?

MICHAEL WEST, Page 8

The supermarket sales figures from Woolworths tell us a couple of things. The first is that even in a tough retail environment shoppers are still buying groceries but the make-up of the trolley is changing.

ELIZABETH KNIGHT,

Page 8


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