New Woolies CEO downgrades fashion, puts food first as results displease investors

Author: Nick WilsonPublished on: September 2, 2026Country: South Africa

Business & Economy

New Woolies CEO downgrades fashion, puts food first as results displease investors

The new CEO of Woolworths announced a strategic shift by prioritizing food over fashion, following disappointing financial results that displeased investors. This decision aims to improve the company's performance amid rising market expectations. Recent results have raised concerns about the future direction of the company.

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