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Australia's Woolworths to take $1 billion charge against NZ business

(Reuters) -Woolworths forecast on Monday a non-cash impairment of NZ$1.6 billion ($974.40 million) in its 2024 interim results, as the retailer's New Zealand business faces challenges and a weak market outlook, with shares losing most in a fortnight. Still, the supermarket chain said strong results at its Australian stores and food distribution business will manage to offset bleak performances from its New Zealand grocery and Big W discount segments. Woolworths, Australia's largest g...
New Zealand Lisa Shumaker Leslie Adler Rishav Chatterjee Food Services Endeavour Group
Source: yahoo.com

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