WOW 0.65% $30.02 woolworths group limited

Cash Required to Wind Up "Masters", page-4

  1. 8,355 Posts.
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    1) 40 Stores around 20 Million Each(to break the lease) that is around 1 Billion Unfront Expense
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    2) Masters stores cant be leased as it is. Needs refurbishment.
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    3) Those inventories will not fetch much..
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    In brief Woolworth got more financial pain ahead than gain.
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