Woolworths may plunge into a retail bucket
August 19, 2008
If Steve Johnson wondered what he had let himself in for by agreeing to be the
new chief executive of Woolworths, it was laid bare yesterday. According to
one City analyst, he has no choice but to rip up the group's
tried-and-tested model and become a bucket shop.
Woolworths shares dive to all-time low after warning of 'marked' downturn
Woolworths had a day to forget yesterday, when it posted a profit warning, revealed dire recent trading, and tore up plans to sell its £200m stake in DVD publisher 2 entertain.
Woolworths angers shareholders by rejecting Iceland founder's approach
Woolworths faces a showdown with its biggest shareholders after the ailing retailer rejected a takeover approach for its 815 stores yesterday from Malcolm Walker, the founder of the Iceland frozen-food chain. 
Woolworths still eyeing The Warehouse
Cashed-up retailer Woolworths is still likely to make a tilt at the New Zealand general merchandise retailer The Warehouse, an investment house says.
Woolworths in talks to sell retail...
Woolworths is in talks to sell its entire high street business to Hilco, the
specialist distressed fund, for £1.
Woolworths dives as it confirms...
Woolworths this morning confirmed a report in The Times that it is in
talks to sell its retail business.
Woolworths shares crash to seven-year...
Shares in Woolworths crashed this morning to a seven-year low after the
retailer issued a profit warning, saying that sales declined in the first
half.
Steve Johnson takes £9m challenge to...
The executive who sold Focus DIY for £1 last year is on his way to becoming a
£9 million man after landing the top job at Woolworths.
Steve Johnson to run Woolworths
Woolworths, the troubled high street retailer, has appointed Steve Johnson,
the former chief executive of Focus DIY, as its new chief executive. He
replaces Trevor Bish-Jones,...
Woolworths rejects offer by Iceland chief Walker
Woolworths has rejected a surprise offer to acquire its retail division by Malcolm Walker, chief executive of the frozen food specialist Iceland.
New profit warning as Woolworths abandons 2entertain sale
Woolworths lurched deeper into crisis yesterday as it abandoned the planned sale of 2entertain, its DVD publishing business, and admitted that a recent collapse in sales meant that it would again miss its profit targets.
Woolworths says it is still open to...
Richard North, the chairman of Woolworths, said that the door remained open to
bidders for the business as he defended the board's decision to reject an
offer from Malcolm...
UK retailer Woolworths rejects...
British retailer Woolworths Group PLC's share price shot up as much as 23 percent on Monday, after it rejected an offer from Iceland Foods Ltd for its retail division. By noon...
Iceland 'in bid for Woolworths'
The boss of the Iceland frozen food chain offers to buy troubled retailer Woolworths' network of 815 stores, reports say.
Malcolm Walker pushes for Woolworths...
THE founder of the Iceland food chain, Malcolm Walker, would slash overheads
and considerably narrow the product range in order to revive Woolworths,
should he succeed in his...
Top Woolworths investor says no to...
WOOLWORTHS’ biggest shareholder has thrown his weight behind management in
rejecting Malcolm Walker’s £50m takeover approach, while refusing to deny
that he is planning...
Woolworths losses near £100m and it...
Woolworths, the pick-and-mix to kitchen pots retailer, today pledged to
implement a root-and-branch reorganisation of the flailing business under
its new chief executive after...
Woolworths rocked as senior director quits
One of Woolworths’ most senior directors has quit only a month after the high street retailer’s new chief executive savaged the poor performance of the group.
Woolworths insists new chief executive can reinvigorate chain
Woolworths' chairman, Richard North, maintained that its retail division can robustly grow its profits yesterday as the group parted company with its chief executive, Trevor Bish Jones.
Woolworths announces cutbacks after...
The new chief executive of Woolworths plans to eliminate the company's
final-salary pension scheme, cut jobs and sell stores after the ailing high
street retailer reported a...
Woolworths set to meet guidance
Woolworths Ltd is set to meet its annual earnings forecasts after yearly sales rose on the back of a strong performance by its supermarkets division.
Sugar snaps up 4% of Woolworths
Sir Alan Sugar, the irascible host of the BBC show The Apprentice, has
acquired a stake of almost 4 per cent in Woolworths, the embattled high
street retailer.
Woolworths rings the changes
WOOLWORTHS, whose 820 stores in Britain sell goods from appliances to sweets, has announced that its chief executive officer, Trevor Bish-Jones, will leave after deteriorating...
Woolworths chief executive quits as...
Trevor Bish Jones, chief executive at Woolworths, is stepping down from one of
the high street's oldest retailers after more than six years of struggling
to put the group back...
Head of Woolworths to step down
Retail group Woolworths says its chief executive is to step down as it reports a further decline in sales.