- Barrons.com•4 hours ago
Woolworths (WOW.AU) is up 5% in Sydney trading after the beleaguered supermarket operator unveiled AUD959 million in write-offs and plans to slash 500 jobs. Owner of one of Australia's two large supermarket chains, Woolworths reputation as a well-run and defensive stock has been eviscerated in recent years amid its capital destroying foray into hardware retailing, and as its rival Coles - owned by Wesfarmers (WES.AU) - revitalized its business. New CEO Brad Banducci faces a tough task in turning around a stock that has lost 40% of its value since 2014.
- Bloomberg•6 hours ago
Woolworths Ltd. will book a pretax charge of A$959 million ($716 million) to cut jobs, write down assets and close supermarkets as investors brace for the Australian chain’s first annual loss since listing ...
|52wk Range||20.30 - 29.22|
|Day's Range||23.01 - 24.24|
|Avg Vol (3m)||2,967,825|
As of 12:39 AM EDT. ASX Delayed Price. Market open.