The Age
·general
·5 hours ago
Woolies launches charm offensive for customers as shareholders take a hit
Woolworths shares fell nearly 10 percent Thursday after the supermarket warned of lower half-year profits despite strong third-quarter sales. CEO Amanda Bardwell acknowledged past pricing transparency issues as the company invests in shelf prices and introduces a three-month freeze on 300 popular items. The strategy aims to rebuild customer trust amid regulatory pressure and cost-of-living pressures.
Summary by Glance · The Age
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