Woolies reconsiders floor space in Australia as online sales rise

David Jones department store in Australia. Picture: GETTY IMAGES

Woolworths said on Monday the reduction of unproductive space in Australasia remained the priority, even as it reported growing market share in its core SA business, where trading space grew. Woolworths acquired David Jones in 2014, and the group’s performance was consistently below expectations. David Jones has been written down a number of times, including a A$437.4m writedown for its year to end-June 2019.Woolworths said on Monday that group sales in its half year increased by 3.8% compared with the 26 weeks to December 23 2018.

The 2019 financial year had a 53-week year, meaning the important Christmas week fell into the first half of Woolworths’s current financial year, as opposed to the second half previously.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia confirms fifth coronavirus case from last flight out of Wuhan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Australia confirmed on Monday its fifth case of a new coronavirus, with health officials saying the case involved a 21-year-old woman who was on the last flight out of the Chinese city of Wuhan to Sydney before China imposed a travel ban. FatalMoves What steps are we taking to scan at our airports to avoid this coming here?
Source: SABC News Online - 🏆 32. / 51 Read more »