0047 GMT - Along with its 1H result announcement today, Aussie grocer Woolworths says it will seek to save A$400 million in simplifying its above store support office and assess the shape of the group portfolio. In a call with reporters, CEO Amanda Bardwell suggested the company will be taking a broad view. "We will be taking the opportunity to assess each individual business within the group and understand how they reach the full potential within three to five years, and that will apply to all of our businesses across the entire Woolworths Group," she says when asked if the company was considering a significant restructuring. "I think it's a good practice for us to have at this time." (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
February 25, 2025 19:47 ET (00:47 GMT)
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