WOW 0.56% $30.18 woolworths group limited

News: UPDATE 1-Australia's Woolworths cuts dividend as half year profit slides, page-55

  1. 5,760 Posts.
    lightbulb Created with Sketch. 111
    Big W is no longer a problem even though it is not profitable. so TK can maxx out here in OZ and still have no effect.

    Aldi is opening lots of new stores, but their market share is still 11%, because Woolies, Coles, and IGA are opening a lot more stores than they are closing.

    the US is only interested in Ozland because they can get a 25% discount on inventory due to the USD.
    that is a very risky business model to set up on with all the logistical costs, just based on this one single premise.

    cheers crazypunter
 
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