Majors expectations tempered

  Retail sales data for Christmas and the first two months of 2014 indicate positive sales growth, lifting optimism of a revival in the retail sector. But despite this, third quarter sales results for Coles and Woolworths suggest it is too early to break out the bubbly. While relatively robust in terms of the overall retail market, third quarter sales growth for both food and liquor chains was lower than expected, and total group revenues provide little cheer for the remaining months of the

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