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COUNTRY ROAD NEWS ON FASTMOVING

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David Jones impairment to send Woolworths into the red

David Jones impairment to send Woolworths into the red

19/07/2018 - 13:44
Woolworths will report a loss due to the impairment of its Australian department store chain David Jones. read more
Annual retail report reveals most customer centric retailers in SA

Annual retail report reveals most customer centric retailers in SA

20/02/2018 - 08:50
With economic conditions in South Africa likely to remain weak, the apparel retail industry growth forecast for 2018 is muted. In addition, the entrance of international brands has added further challenge for local incumbents. read more
Woolworths expands food division but clothing remains biggest profit driver

Woolworths expands food division but clothing remains biggest profit driver

25/08/2017 - 11:58
Woolworths’ clothing division remains its biggest profit centre, despite flat sales and squeezed margins. read more
Woolworths set to unify Country Road Group and David Jones

Woolworths set to unify Country Road Group and David Jones

24/03/2017 - 13:38
Woolworths is combining its Australian subsidiaries Country Road Group and David Jones into one group called WHL Australasia.  read more
Woolworths sees green shoots in Australia

Woolworths sees green shoots in Australia

17/02/2017 - 10:35
Woolworths says it is beginning to see some "green shoots" in its Australian operations, with significant changes in store for David Jones and Country Road Group. read more
Woolworths appoints CE for Australian subsidiary

Woolworths appoints CE for Australian subsidiary

27/09/2016 - 10:23
RETAILER Woolworths on Tuesday announced the appointment of Scott Fyfe as CEO of its Australian subsidiary, the Country Road Group. read more
Woolies prepares for ‘onslaught’

Woolies prepares for ‘onslaught’

17/02/2016 - 10:18
Johannesburg - Woolworths is preparing itself for what CEO Ian Moir calls an “onslaught”, which he believes is coming in the next 3 to 5 years. read more
Bleaker outlook hits Woolworths stock

Bleaker outlook hits Woolworths stock

15/02/2016 - 10:44
Shares in upmarket retailer Woolworths (Woolies), the darling of the JSE’s consumer sector, were shredded on 11 February with nervous investors fretting over less compelling prospects for the financial year ahead. read more
Woolies finds plenty in David Jones's locker

Woolies finds plenty in David Jones's locker

16/02/2015 - 09:11
"Woolies will never again be the company it was," CEO Ian Moir told analysts at this week's results presentation. "It will be the Woolies of the future and quite a different group." read more
Woolworths finalises R9.98bn rights offer

Woolworths finalises R9.98bn rights offer

03/09/2014 - 09:38
Johannesburg - Woolworths [JSE:WHL] has finalised the terms of a rights offer to raise nearly R10bn through 167.8 million new ordinary shares, the company said on Tuesday. read more
Woolworths expects Country Road completion soon

Woolworths expects Country Road completion soon

12/08/2014 - 12:12
Cape Town - Woolworths advised shareholders on Friday that its subsidiary, Country Road Group, which is listed on the Australian Stock Exchange (ASX), has released its Appendix 4E Preliminary Final Report for the period ended June 28 2014. read more
Woolworths Country Road offer now unconditional

Woolworths Country Road offer now unconditional

25/07/2014 - 16:54
Cape Town - Woolworths Holdings [JSE: WHL] is pleased to announce that it has achieved over 90% relevant interest in Country Road. read more
Country Road expects steep earnings rise

Country Road expects steep earnings rise

10/07/2014 - 10:52
Woolworths’ Australian subsidiary, Country Road, said this week, it expected full-year earnings to rise as much as 66% to Aus$100.9m ($94.8m) as Witchery Group, which it acquired in 2012, provided a fillip. read more
Aus regulator worries about Woolies deals

Aus regulator worries about Woolies deals

03/07/2014 - 11:24
Sydney - Australia's corporate regulator expressed concerns on Wednesday about two takeovers being pursued by South Africa's Woolworths Holdings [JSE:WHL], arguing the deals might benefit billionaire retail investor Solomon Lew unfairly. read more
Woolworths: Final offer for David Jones, Country Road

Woolworths: Final offer for David Jones, Country Road

01/07/2014 - 08:48
Woolworths would not sweeten its $2.1 billion (R22.3bn) takeover offer for Australia’s David Jones, the JSE-listed upmarket food and clothing retailer said yesterday. read more
Woolworths moves on Australia's Country Road

Woolworths moves on Australia's Country Road

26/06/2014 - 11:57
Sydney - Retail giant Woolworths on Tuesday announced a bid to buy out Australian fashion chain Country Road as part of its plan to take over prestigious department store David Jones. read more
Woolworths buys David Jones for $2bn

Woolworths buys David Jones for $2bn

18/06/2014 - 15:22
Cape Town - Shareholders of Woolworths overwhelmingly backed the SA retailer's R21.5 billion ($2 billion) buyout of Australia's David Jones on Tuesday. read more
Country Road invests in Australia, New Zealand operations

Country Road invests in Australia, New Zealand operations

22/05/2014 - 10:39
Woolworths said on Tuesday its majority-owned subsidiary, Country Road, would invest A$53m in a distribution project aimed at supporting the growth of both its online and store networks in Australia and New Zealand. read more
Woolworths reports strong results

Woolworths reports strong results

29/08/2013 - 08:34
Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared  read more
Woolworths outshines competitors

Woolworths outshines competitors

05/08/2013 - 10:25
A surge in Woolworths’ sales, which bucked the weaker sales growth trend of ailing local retailers, was because the food and fashion retailer was not dependent on credit like its competitors, analysts have said.  read more
Business startup bags big Woolies contract

Business startup bags big Woolies contract

14/03/2013 - 15:12
Cape Town - A steadfast commitment to exceptional quality, service and big dreams has allowed a startup company to turn their dreams into reality by manufacturing and supplying luxury paper bags for Country Road and Trenery - brands owned by Woolworths Holdings [JSE:WHL].  read more
Retail mogul cries foul over Country Road

Retail mogul cries foul over Country Road

15/08/2012 - 09:42
Australian retail mogul Solomon Lew has lashed out at Woolworths, accusing the South African company of using the planned acquisition by Country Road of fashion group Witchery to force him out of Country Road, legal letters revealed yesterday.  read more
Country Road to buy top fashion house

Country Road to buy top fashion house

02/08/2012 - 09:08
Johannesburg - Retailer Woolworths Holdings [JSE:WHL] announced on Wednesday that its indirectly-held subsidiary‚ Country Road‚ has entered into an agreement to acquire the Witchery Group from Gresham Private Equity for A$172m. Witchery is one of Australia’s leading fashion brands. read more
Woolworths stays silent on Country Road deal

Woolworths stays silent on Country Road deal

02/07/2012 - 08:14
JSE-listed Woolworths on Friday failed to shed any further light on a possible transaction between Gresham Private Equity and its Australian subsidiary, Country Road.  read more
Analysts cautious over new clothing labels entering SA

Analysts cautious over new clothing labels entering SA

26/03/2012 - 09:36
A wait-and-see approach should be applied to gauge the performance of international clothing labels as more foreign stores were making their way to the South African market, retail analysts said last week.  read more
Woolworths profits up

Woolworths profits up

20/02/2012 - 09:21
Woolworths Holdings (WHL) on Thursday reported a 35.9% rise in diluted headline earning per share to 131.3 cents for the 26 weeks ended December 2011 from 96.6 cents previously. read more
Woolworths first half diluted earnings up 35.9%

Woolworths first half diluted earnings up 35.9%

16/02/2012 - 10:14
Woolworths Holdings on Thursday reported a 35.9% rise in diluted headline earning per share to 131.3 cents for the 26 weeks ended December 2011 from 96.6 cents previously. read more
Woolworths 26-week sales up 11,4%

Woolworths 26-week sales up 11,4%

18/01/2012 - 08:26
Woolworths on Tuesday reported an 11,4% rise in sales for the first 26 weeks of the 2012 financial year compared with a year earlier. read more
Woolworths shares dip as sales disappoint

Woolworths shares dip as sales disappoint

18/11/2011 - 08:32
Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year. read more