Chairman of Woolworths Paul Simons (Seated) and Harry Watts MD. Taken at the Woolworths Office in the City.Woolworths Ltd yesterday strengthened the case for the Adelaide Steamship Co Ltd group opting for an early $2.2 billion float of the retailer follow

Chairman of Woolworths Paul Simons (Seated) and Harry Watts MD. Taken at the Woolworths Office in the City.Woolworths Ltd yesterday strengthened the case for the Adelaide Steamship Co Ltd group opting for an early $2.2 billion float of the retailer following another strong sales performance.Australia's second-largest retailer has outshone rival Coles Myer Ltd and defied the strong recession-driven competition in the sector to lift sales 10.7 per cent to $4.89 billion in the first half. February 4, 1992. (Photo by Ben Rushton/Fairfax Media via Getty Images).