retail
Woolworths invests in athleisure and plans to improve local clothing
First-half results to December 27 show turnover up 5.8% to R39.6bn, with almost half coming from star performer Woolworths Food
25 February 2021 - 19:56
Retailer Woolworths is cutting back on the wide range of clothing it offers, reducing its formal wear, expanding its casual “athleisure” clothing and cutting store space as its fashion business continues to lag behind the market.
The retail group’s first-half results to December 27 showed turnover rose 5.8% to R39.6bn, with almost half coming from star performer Woolworths Food, whose turnover grew 12.1%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.