Perfect Sisters

Weak results from Big W
February 10th 2014

Despite an improved second quarter performance, sales were flat at Big W in the first six months of the year.

Retail giant Woolworths last week reported that its grocery, liquor, home improvement and general merchandise businesses delivered $31.8 billion in sales in the first six months of the new financial year, a 6 percent increase in on the previous year.

However, the Big W’s contribution stood at $2.5 billion, an increase of just 0.2 percent on the previous year, while like-for-like sales were down 2.3 percent. On the plus side, sales in the second quarter were up 3.3 percent on the previous year to $1.4 billion.

The chain, a key player in the home entertainment market, is currently undergoing a strategic repositioning, which will see it scale back its activities in some product categories.

Karen Bozic, acting director of Big W, says: “We are progressing with the transformation of Big W and increasing our presence in categories that are of high importance to our customers and will drive future profitable growth for this business.”



Other News Headlines from Screen Print

Roadshow cements Lionsgate partnership July 21st
Roadshow Films has extended its multi-year output agreement with Lionsgate.

Warner rejects mega merger with Fox July 21st
21st Century Fox has been rebuffed in a bid for fellow entertainment giant Time Warner.

Bumper line-up of Mattel DVD spin-offs July 21st
Mattel is upbeat about its upcoming slate of DVD spin-offs, despite posting disappointing results for the second quarter for its overall business.

News Corp urges copyright reform July 21st
News Corporation is backing proposals to force internet service providers to take more responsibility for illegal downloading.

Automated rentals the key July 14th
Kiosks will help extend the life of the rapidly declining Australian rental market.

Screen Print Cover MarketMakers RTI Disc Repair AVRRA AHEDA