Woolworths needs to spend an extra $200m to spruce up stores: Citi

Woolworths needs to spend an extra $200 million a year revamping its weary supermarkets if it wants revive its fortunes, one retail analyst says.
Woolworths on Monday revealed it will spend $65 million over the next year fixing trolleys, patching holes in shop floors, and improving lighting and signs.
The supermarket will boost man hours by the equivalent of three extra full-time staff in each of its 950 stores in an effort to improving on-shelf availability, especially in fruit and vegetables and at checkouts.  Sydney Morning Herald – Read more…