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woolworths holdings limited country road – review • Repositioning o has worked - Prices down 40% over 3 years - Volumes up well over 100% • Growing profit contributor • Strategic opportunity - Both Country Road (modern) and Trenery (classic) have very good long-term growth opportunities in South Africa and Australia - Integration of Country Road into Woolworths is strengthening • 15 new Country Road stores within Woolworths in H2 • Launch of Trenery brand in 26 Woolworths stores in August
woolworths holdings limited country road – outlook • Australian economy expected to slow further in H2 • Bold long-term plans but very tight short-term management
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