Q&A: Woolworths CEO Roy Bagattini says turnaround strategy is working
01 September 2022 - 19:06
Woolworths released its 2022 annual results this week, indicating that it is seeing a slowing of its star performer, its premium food business, due to pressure on consumers. But there are green shoots in its clothing and home business. Business Day chatted to CEO Roy Bagattini.
Woolworths makes high operating margins in food, above 7%. Is there room to cut prices further as you face rising competition and slowing growth?..
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