Di Pilla helps close Masters door
The Masters deal ends one headache for Brad Banducci, who must get Woolworths’ supermarkets back in shape.
The Masters deal ends one headache for Brad Banducci, who must get Woolworths’ supermarkets back in shape.
The lease deals struck with Bunnings, The Good Guys and JB Hi-Fi gave the Di Pilla-led group an edge over Blackstone.
Masters has come to an ignominious end, with all stores closing as Woolworths quits home improvement.
UBS banker Matthew Grounds and Greg Hayes are believed to be joining Chemist Warehouse and Spotlight in the bid.
Woolworths has sold its HTH hardware chain to Metcash for $165m.
Metcash was believed to be finalising contracts last night to buy Home Timber and Hardware from Woolworths.
As Coles prepares to report tomorrow, a legal challenge threatens to shake up operations at all the major supermarkets.
Woolworths has rebooted its struggling loyalty program, but critics are still questioning its value to shoppers.
Woolworths has been forced into yet another embarrassing backflip over its troubled in-store loyalty program.
Markets are expected to defy trends this week, with some of the nation’s largest companies due to report good results.
Woolworths and Coles report full-year results this week amid intense competition and price deflation.
The body bags are piling up in the aisles as the new world order at Brad Banducci’s Woolworths takes shape.
Brambles provides a master class in succession planning, as Tom Gorman gets set to hand over the reins.
Woolworths will recover, but it will take so long there are better investing opportunities elsewhere.
David Jones is shaping the supply chain for its highly anticipated push into grocery retailing.
The appointment of Colin Storrie will give Brad Banducci more time to bash ailing units into shape.
Murray Goulburn shares sank after Woolworths dropped several of its dairy products, with Bega benefiting.
The ratings agency is prepared to give Woolworths time to prove its restructure strategy.
The retailer has pared yesterday’s market gains as analysts conclude the run-up is not yet justified.
As pay arrangements at Coles come under the spotlight, more than the bottom line of the major retailers is at stake.
Woolworths boss Brad Banducci will sack 500 staff and force shareholders to accept more than $4 billion in writedowns.
Woolworths’ general merchandise chain is in a downward earnings spiral that is showing no signs of slowing.
Seventeen months after Brad Banducci was parachuted in, Wesfarmers investors have more to celebrate than Woolies’.
The Woolies repair job remains a three to five-year exercise, but at least Brad Banducci is acting with some urgency.
There are signs that Woolworths is finally gaining sales momentum as it shapes up to take the retail fight to Coles.
Woolworths’ cuts are an indictment of past management and a sign that the new CEO can make tough calls.
Woolworths shares surged following the flagging of job cuts, as investors eyed an uptick in supermarket operations.
After more than a year of patient waiting since announcing his retirement, Grant O’Brien has finally hit paydirt.
Bunnings would still dwarf a Mitre 10-HTH combo, but a tie-up would help them to take on the hardware behemoth.
The ACCC says its decision not to oppose the potential sale of Woolworths’ Home Timber & Hardware was “difficult”.
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