IndustryAustralia & New Zealand
Woolworths Rebranding: 42% Drop in Pre-Tax Earnings Forecast
Countdown Supermarkets (currently rebranding as Woolworths) says pre-tax earnings will be down about 42% to $71 million for the 6 months to December. Sales are up in rebranded stores and there's been progress on pricing and revamping its loyalty scheme which converts from Onecard to Everyday Rewards on 1 February.
