Advertisement

Home improvement woes for Woolies

Woolworths’ home improvement business has hit troubled waters, with the retailer warning of a blowout in losses.

Woolworths says losses from the business, which includes the Masters hardware chain, in fiscal 2014 will exceed those of the previous year.

The business will also miss its target of breaking even in 2016.

However, Woolworths says it remains committed to expanding the business by opening new stores, particularly in metropolitan areas.

Topics: Woolworths
Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.