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The agony and ecstasy of half-yearly results

First half sales results from retailers listed on the Australian Stock Exchange confirm continuing difficult retail conditions, prompting even some of the better performers to express caution about future results. In line with previous updates to investors, the latest results indicate that a number of retailers are struggling for revenue growth and battling the erosion of margins and falling profitability. The results have underlined the fact that the leading retail brands are still generating g