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A big turnaround for Big W?

Big W survived the clearing of the decks at Woolworths but still has an uncertain future with sales and earnings in serious decline. Despite approaches from potential buyers for the 186-store Big W chain, Woolworths decided last year to persevere with business and to map out a turnaround plan that would see it return to growth or, at least, stabilise and exact a higher price if it was to be divested. The first half results for the 2017 financial year provided little assurance to investors who ha