Thu, 18/09/2008 - 06:37
The new chief executive of Woolworths plans to close the company’s final-salary pension scheme, cut jobs and sell stores after the ailing high street retailer reported a record £100m half-year loss, reports the Times. He is also ending the brief foray into home shopping through its Big Red Book catalogue.
Steve Johnson, who...
Wed, 17/09/2008 - 07:51
Woolworth's has reported a further deterioration in sales in the first half of its financial year, and a loss at its retail arm of some £73m. The group said the "particularly disappointing" result in retail highlighted the "operational issues and strategic challenges" faced at its stores division. But it said that...
Thu, 14/08/2008 - 07:33
New Woolworths chief executive, Steve Johnson, will receive more than £8m over four years if he can force the company's share price back over 20p, reports the Guardian.
Tue, 12/08/2008 - 07:41
Woolworths Group has appointed Steve Johnson as its new chief executive, with effect from 1st September. Johnson, who replaces Trevor Bish-Jones, who stood down from the post in June, was most recently chief executive of Focus DIY. Before that he had worked for GUS; for...