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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Woolworths embarks on strategic overhaul of fashion businessThe fashion, home and beauty division was one of the worst performers in the group’s first-half financial results
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
NEVA MAKGETLA: New business models needed for tourism and other Covid-sensitive industriesThe highest risk economic activities such as public transport just can’t return to pre-pandemic practices
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Numsa digs in over Comair business rescue meetingThe union says the airline operator is ‘blackmailing’ members into signing a collective agreement ahead of vote
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Flying business class now is like cattle class with more legroomEfforts to cut risk of Covid-19 infection take the shine off the most expensive seats on board aircraft
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Creditors adopt business rescue plan as Comair moves one step closer to recoveryThe preferred investment consortium, comprising a number of former Comair board members and executives, will invest fresh equity of R500m in return for a 99% shareholding
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »