Simon Susman - CEO, Woolworths

Results out from Woolworths this morning show a 9.3% rise in turnover for the six months to December. But when you strip out new stores, sales were up by only 4.4%. That's less than the rate of inflation. I went along to Woolies results presentation this morning and I asked CEO Simon Susman whether the environment for retailers was improving, following a tough year last year