Reinvention at what cost?

Woolworths bashing has become a national pastime for commentators. And so it is incumbent on each one to ensure that a ‘bandwagon’ movement doesn’t develop and snowball. There is always a ‘but’. And in this case it is a big ‘but’. Retail 101, Business Economics 101, Logic 101 and Accounting 101, teach us that a six-foot man cannot fit into a four-foot coffin. In other words, if you buy an item for $1 and you sell it at $1.05 and your overheads are more than five cents per i

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