date:Mar 06, 2014
provement business remains in its development phase, with its stores having traded, on average, for 15 months. Approximately half of the stores opened over the last 12 months were in regional and future growth areas, which Woolworths said would take longer to mature and would have sales below the long term group average.
Increasing sales per store remains a key focus and driver of the path to profitability, according to Woolworths.
The Masters EBIT loss was $71.9 million for the half year. Woo