Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Woolworths SA CEO speaks out

Woolworths South Africa CEO, Ian Moir, has revealed the logic behind its acquisition of troubled department store chain, David Jones, back in November 2014. Speaking at the World Department Store Forum in Rome, Italy, last week, Moir said Woolworths had two key strategic reasons for the purchase. The first, he said, was it was a defensive move. With the influx of global fast fashion brands to Australia and the southern hemisphere in general, Woolworths was keen to create its own scale to become