Business Services Industry
Woolworths Tries New Pick'n'mix Strategy.
Knight Ridder/Tribune Business News, March, 2004
By Lucy Farndon, Daily Mail, London Knight Ridder/Tribune Business News
Mar. 25--Woolworths is scaling down its lossmaking Big W out-of-town warehouses and ramping up High Street refurbishments to improve returns.
The retailer beat forecasts with a 76 percent jump in pretax profits to UKpound 66.7 million last year, but this is small fry compared to the UKpound 2.8 billion group sales.
Shop sales, which include Woolies and MVC music outlets, are down 0.4 percent to UKpound 2.28 billion. Underlying sales are up a dreary 0.9 percent, but margins are improving. The strong performer is the group's music and DVD wholesale arm, which grew sales by 23 percent to UKpound 490 million, helped by a big contract with Tesco.
Wholesaling...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
