Woolworths to Face Grilling Over Big W

 In Australia, BigW, KMart, NewZealand
Woolworths shareholders are expected to grill the retail giant’s board and management over the future of its embattled discount department store chain Big W at its annual meeting on Thursday.
The shock exit of the chain’s boss Sally Macdonald last week fuelled speculation Woolworths might accelerate its plans to sell the business and avoid further losses.
This has raised the spectre of job cuts and even the closure of the chain if the board determines it should draw a line under Big W’s losses, take a hit on its leases and maintain a singular focus on the revival of its supermarket business. Sydney Morning Herald – Read more…

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.