WOW 0.50% $30.35 woolworths group limited

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  1. HSP
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    January's decision to end the Masters Home Improvement folly originally fathered by O'Brien saw Woolworths take $1.898 billion in first half impairments and the decision is expected to cost a further $80 million in June half.

    n Monday, new man Banducci warned Woolies's owners that the price of cleaning up some of the former strategy guru's second tier slip-ups would come in at $959 million, with some $766 million of that being recognised in the 2016 result that will be announced in late August.

    Woolworths will take a $460 million pre-tax hit on costs associated with yet another review of its general merchandising footprint and a $344 million hit from the closure of 33 loss making supermarkets

    Read more: http://www.copyright link/opinion/c...t-at-woolworths-20160725-gqdahk#ixzz4FVCCRy00
 
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