SMH
·general
·5 hours ago
Woolies launches charm offensive for customers as shareholders take a hit
Woolworths posted strong third-quarter sales Thursday but announced lower profit forecasts, sending shares down nearly 10 percent. CEO Amanda Bardwell acknowledged past pricing transparency issues amid regulatory scrutiny from the ACCC. The retailer is absorbing supplier cost increases and freezing prices on 300 items including chicken, eggs, and pasta to rebuild customer trust and gain market share.
Summary by Glance · SMH
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