Woolworths admits to massive Masters losses

 In Australia, NewZealand, Woolworths
Woolworths revealed that its Masters home improvement business is haemorrhaging money, losing almost $160 million before interest and tax.

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In an update to the market, specifically focusing on Woolworths’ exposure to the home improvement market, comprising both Masters and the trade-focused Danks retail brands, a Woolworths spokesperson blamed a range of factors, including Woolworths’ own ineptness, for these losses. Retailbiz – Read More.

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