Woolies is down $8b in 10 weeks. These numbers say there’s no quick fix
Woolworths CEO Amanda Bardwell insists she can see momentum at the struggling retail giant. But impatient investors will focus on two ugly numbers in its September quarter result.
Woolworths chief executive Amanda Bardwell is clinging to every green shoot she can find right now.
After delivering September quarter sales she concedes are below the retail giant’s aspirations, Bardwell was desperate to get the message across that there is a bit of momentum in the business, if you look hard enough.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
