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Oz CE Channel To Benefit As Big W Turnaround Becomes “Work In Progress”

Fergus Halliday February 22, 2017 No Comments

The departure of former Big W CEO Sally McDonald had local consumer electronics vendors facing an uncertain future with the mainstream retailer. During her tenure, McDonald, understood to have brought…

Woolworths Overtakes Coles Sales Growth But Big W Drags Down Profit

Jon Bragg February 22, 2017 No Comments

Woolworths has returned to profit in the first half of the financial year, recovering from significant losses caused by the closure of Masters. Net profit for the Woolworths group rose…

Big W CEO Calls It Quits

Fergus Halliday November 16, 2016 No Comments

The CEO of the Woolworths-owned chain retailer Big W has announced she’ll be leaving the role after less than a year in the position. Sally Macdonald, appointed to head restructuring…

Masters Failure Stings As Woolworths Posts $1.23 B Loss

Staff Writers August 25, 2016 No Comments

Woolworths has posted a net loss of $1.23 billion for the 2016 full year, stung by a writedown related to its failed Masters venture. Woolworths, which yesterday revealed that Masters…

Big W Tipped To Be Expanded To Take On Aldi

David Richards June 29, 2016 No Comments

Roger Corbett, the former boss of Woolworths who often does an early morning walk along Balmoral Beach, has come out punching claiming that Masters was “A big mistake” and that…

Target Troubles: Wesfarmers Flags Writedown

Staff Writers May 25, 2016 No Comments

Wesfarmers is set to take a hit on its full-year results, advising today that it expects a non-cash impairment of $1,100 million to $1,300 million pre-tax to be recorded for…

Woolworths Declares $2.9 Billion Dollar Loss

David Richards February 26, 2016 No Comments

Woolworths the owners of Big W and Masters, has unveiled a total first-half loss of $2.09 billion. The struggling retailer has also announced the appointment of Brad Banducci the former…