Food and clothing retailer Woolworths’s newly appointed CEO, Roy Bagattini, has placed more focus on accelerating the turnaround efforts of its fashion, home and beauty business, a section that has been consistently underperforming for years.
The division posted a disappointing first-half performance, which was further worsened by the government-imposed lockdown in the second half causing sales to fall 10.7% for the full year.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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