Consumer NZ says it will feel "wrong" to many New Zealand shoppers that supermarket chain Woolworths has been able to spend $400 million on store refreshes and still banked a $163 million profit.

The financial performance of Woolworths' New Zealand supermarkets improved over the June year on higher sales despite a slowdown in the second half of the year.

Consumer NZ says it will feel "wrong" to many New Zealand shoppers that supermarket chain Woolworths has been able to spend $400 million on store refreshes and still banked a $163…