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Woolworths entertainment head Alan Young blames a "quiet" release schedule for disappointing music sales, as the chain's parent group unveiled flat like-for-like sales during the start of 2002.
The group's share price tumbled 5 1/2p to 44p last Wednesday after group chairman Gerald Corbett revealed Woolworths Group sales rose 5.8% from 586m [pounds sterling] to 620m [pounds sterling] in the first 15 weeks of the year, but were flat on a comparable basis.
In the main, Woolworths chain sales fell 1% as a result of a weak performance in the chain's 116 city centre stores, which were down 3%. Young, who heads its strategic ...