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

AIMC box office winners named October 20th
The Railway Man and What We Do in the Shadows scooped the local honours at the box office achievement awards at this year’s Australian International Movie Convention.

Black Sails set sail again October 19th
Anchor Bay Entertainment’s US parent has announced a January premiere for the second season of its hit TV show Black Sails.

Record turnout for this year’s MIPCOM October 19th
A record 13,700 delegates attended this year’s MIPCOM market which wrapped up in Cannes last week.

Presto adds Frozen to subscription slate October 12th
Foxtel’s new subscription Video On Demand service has added the Disney smash Frozen to its line-up of titles.

Digital revenue tipped to surge 75% in next five years October 12th
Growth in digital subscriptions, rentals and purchases should ensure that total home entertainment revenue remains steady, according to new analysis from IHS Technology.

Screen Print Cover MarketMakers RTI Disc Repair AVRRA AHEDA