Woolworths’ fresh approach

Woolworths has outlined a “lean retail model” that aims to rebuild momentum in its food and liquor business and address the continuing problems in the Big W chain and Masters Home Improvement. Australia’s biggest retailer is being outpointed on growth by arch rival, Wesfarmers, in each of its key businesses, including the critical supermarket business. In third quarter sales growth, Wesfarmers’ Coles business doubled Woolworths growth, posting a 5.4 per cent increase in revenues against

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