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Woolworths' shares fell 9% this year as weak sales and profits worsened despite new discounts and holiday products.
Woolworths' share price has dropped over 9% this year amid ongoing struggles, with first-quarter food sales growth of 2.1% falling short of expectations and lagging behind rival Coles.
Despite CEO Amanda Bardwell’s push to rebuild momentum through aggressive discounting and a new lineup of 650 Christmas products, the strategy has yet to reverse declining market share or improve profitability, as full-year profits fell 17%.
The struggling Big W store posted a $35 million loss, contrasting with KMart’s $1 billion profit.
Investors remain skeptical about the company’s ability to sustainably improve performance amid intense competition and rising costs, with pressure mounting ahead of the crucial holiday season.
Las acciones de Woolworths cayeron un 9% este año debido a ventas débiles y ganancias empeoradas a pesar de nuevos descuentos y productos navideños.