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.”

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