Woolworths to Cut Costs
Woolworths’ CEO, Amanda Bardwell, is set to cut $400 million in back-office costs to reinvest in lower prices and regain customer trust after disappointing financial results. Acknowledging the company’s underperformance, both Bardwell and chairman Scott Perkins stressed the need for improvement. Bardwell’s strategy focuses on streamlining operations in Woolworths’ Australian supermarkets, which generate 95% of […]
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