date:Mar 06, 2014
e higher levels of clearance activity in the categories being rationalised.
CODB as a percentage of sales increased 181 bps on the prior half year, which Woolworths said reflected new stores yet to reach maturity, the EziBuy acquisition and lower sales growth. As a result, EBIT of $120.5 million decreased 6.9 per cent on the previous half year.
ROFE decreased 455 bps, however was impacted by the timing of creditor payments relative to the reporting dates. Excluding this, ROFE decreased approxi