date:Sep 11, 2013
, generates more than 90 percent of its revenue from western Europe and warned in January of constrained consumer spending in the region.
The British retailer, which formed a joint venture with Australia's largest supermarket chain Woolworths Ltd in January, said initial start-up costs in the country reduced operating profit by 3.8 percent.
It also said last month that the joint venture would set up a new meat processing facility in southeastern Australia.