Big W: basket case, boil, or slow burn?
It’s been called everything from a basket case to a boil. Whatever Big W is, it’s Woolworths’ challenge for some time yet.
The discount department store chain is undertaking another strategic plan under another new CEO, this time David Walker.
On Tuesday it forecast an even deeper loss for this half, of between $115 and $135 million, from an earlier predicted loss of $88 million.
At $757 million in sales for the third quarter, Big W and its 186 stores are a small part of the Woolworths empire, which increased sales by 4.4 per cent to $13.8 billion. Sydney Morning Herald – Read more…
The discount department store chain is undertaking another strategic plan under another new CEO, this time David Walker.
On Tuesday it forecast an even deeper loss for this half, of between $115 and $135 million, from an earlier predicted loss of $88 million.
At $757 million in sales for the third quarter, Big W and its 186 stores are a small part of the Woolworths empire, which increased sales by 4.4 per cent to $13.8 billion. Sydney Morning Herald – Read more…
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