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Woolworths Tag

15 May

Woolworths South Africa Taps First Insight for Retail Tech Platform

With the aim of optimizing product development, sourcing and merchandising capabilities, Woolworths Group’s South African division inked a take care of First Insight for the corporate’s Next-Gen Retail Tech Platform. The South African retailer’s goals in using the answer are to bolster margins and drive customer engagement. In an announcement Monday, Woolworths South Africa said it's going to use First Insight’s platform “to assemble zero-party, Voice of Customer data and operationalize product testing for faster and higher merchandising decisions of their womenswear division,” adding that the partnership “will empower Woolworths with actionable insights to guide their product investment, pricing, and marketing decisions.” Greg Petro, chief executive officer of First Insight, said his company’s “proven data gives retailers and types the insight and...
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21 Dec

Woolworths Offloads David Jones to Anchorage Capital Partners

SYDNEY — David Jones is back in Australian hands — at a bargain price.  On Monday, South Africa-based Woolworths Holdings Ltd. revealed it had sold its entire shareholding within the 184-year-old Australian department store chain to Sydney-based private equity firm Anchorage Capital Partners for an undisclosed sum, with the ultimate transaction expected to be accomplished by March. Widespread reporting has put the deal at around 100 million Australian dollars, or $67 million at current exchange, which is a mere fraction of the $2.2 billion [$2 billion at 2014 exchange] price Woolworths paid for the retailer in August 2014.  The deal doesn't include David Jones’ Bourke Street, Melbourne, flagship, which is valued at 250 million Australian dollars, or $168 million, on which David...
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