Woolies' clothing business turns the corner

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Woolworths South Africa, which also trades in 11 countries in sub-Saharan Africa, accounts for 71.1% of operating profit.

Woolworths' business that sells clothes has seen an increase in revenue after the company focused on customer satisfaction.Department chain Woolworths said on Thursday it had turned around its fashion, beauty and home business after fixing poor product choices in clothing, which had weighed on its sales the previous year.

Woolworths shares jumped more than 8% to a 6-1/2-month high after it said sales in its fashion, beauty and home business in the 52-weeks to the end of June rose 1.5% “as a result of a focus on core ranges and basics, backed by improved availability". Sales at Woolworths, which also has a presence in Australia and New Zealand, fell by 1.5% in previous year in the fashion, beauty and home business as its womenswear modern range failed to resonate with its core customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Business and society can and should function as a wholeBusinesses cannot operate sustainably at the expense of society; a mutually beneficial relationship needs to exist, writes Heather Lowe
Source: BDliveSA - 🏆 12. / 63 Read more »

#PICInquiry: Matjila sheds light on PIC's investment in Tosaco | IOL Business ReportPICInquiry: Former PIC CEO Dr Dan Matjila has detailed how the transaction between the PIC and Independent energy company, Tosaco, unfolded.
Source: IOL - 🏆 46. / 51 Read more »

Transnet suspends workers on illegal strike at container terminals | IOL Business ReportThe state-owned rail company said the illegal industrial action was having a negative impact on all customers serviced by the Port of Ngqura.
Source: IOL - 🏆 46. / 51 Read more »