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Woolworths scrapped its interim dividend in September 2008, after it announced a pretax loss of £99.7m for the six months to 2 August. At the same time, Johnson outlined a possible turnaround plan to sell 120 stores, axe a quarter of its products, reduce web operations and cut jobs.Woolworths Limited (now Woolworths Group) was founded on 22 September 1924 by five Australian entrepreneurs – Percy Christmas, Stanley Chatterton, Cecil Scott Waine, George Creed and Ernest Williams. The first store was opened on 5 December 1924 in Pitt Street of Sydneys Imperial Arcade, called Woolworths Stupendous Bargain Basement. Following the first store there were only 29 ...
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Tuesday, December 22, 2020