Woolworths Limited ABN 88 000 014 675
Agenda Key highlights Brad Banducci Progress on our five key prioritiesBuilding a customer and store-led culture and team
Generating sustainable sales momentum in Food
Evolving our Drinks business to provide even more value and convenience to customers
Empowering our portfolio businesses to pursue strategies to deliver shareholder value
Becoming a lean retailer through end-to-end process and systems excellence
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Key highlights- Significant investment in Australian Food to get Customers to put us 1st - Customers are noticing and starting to act on the changes
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New Woolworths Group operating model implemented to drive further accountability into the business
500 roles will be permanently removed from Support Office and Supply Chain
1,000 roles moved closer to stores and customers
BIGW has increased control over the key levers critical to its turnaround
Implemented revised Short Term and Long Term performance measures aligned with driving business transformation
Short term measures focussed on customers, team, sales, EBIT and working capital
Long term measures focussed on Sales per square metre, ROFE and Relative TSR
Commitment to greater transparency with Endeavour Drinks Group now separately disclosed
Progress on exit of Home Improvement business
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Progress on our five key priorities1
CUSTOMER AND STORE-LED CULTURE AND TEAM
Customer and store KPI's in incentive plans
New operating model
"Woolies Welcome"
Key new hires
New store feedback loops
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GENERATING SUSTAINABLE SALES MOMENTUM IN FOOD
Record VOC in June
Transaction and item momentum
Lower prices across the store
Investment in team hours particularly on the weekend
Own brand progress
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EVOLVING OUR DRINKS BUSINESS
11 new Dan Murphy's stores
Dan Murphy's model continuing to evolve
Strong online growth
BWS local store empowerment
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EMPOWERINGOUR PORTFOLIOBUSINESSES
New Group Portfolio Director appointed
Group functions integrated
back into businesses
Exploring options for the sale of EziBuy
Home Improvement exit
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BECOMING A LEAN RETAILER
Merchandising platform now stable
Human Capital Management system now live
End-to-end process improvement underway
>500 roles to be removed
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Woolworths Ltd. published this content on 25 August 2016 and is solely responsible for the information contained herein.
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