Why Woolies’ profit surge comes with thorny questions
Brad Banducci insists the balance between customers and investors is right after profits jumped almost 20 per cent in Woolworths’ supermarkets division.
Woolworths chief executive Brad Banducci can see the signs of the pressure that his customers are under right across his business.
He can see it in the way customers across his supermarkets are hunting for value. He can see it in the increase in shoplifting and, more worryingly for Banducci, aggression towards retail workers.
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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
