You are here: Home - Uncategorized -

You have to wonder with Woolies

Written by:

UK retailer Woolworths has recorded a 7.7% decline in sales in the first half of this year in what it described as a “challenging” retail environment.

Woolworths has refitted 70 of its stores during the period and says it is improving the business by a combination of methods aimed to improve performance.

Bish Jones, Woolworths chief executive, said: “We continue to improve the business by investing in the store base, rapidly enhancing our multi-channel capability and driving through efficiencies in the supply chain.”

“Stuff and nonsense,” responded retail analyst Debbie Harrison. “Woolworths is struggling to find a place in the modern High Street and I’m not sure that it has yet, despite the protestations of the chief executive.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Rover collapse ‘could cost economy over £600m’

The demise of carmaker Rover could cost the UK economy more than £600m, according to the Public Accounts Committee (PAC).