Woolworths — Country Road — FY2003 Earnings Presentation

5 slides from Woolworths's earnings presentation, August 2003

Slide 1: Country Road
AUSTRALIA country road
Slide 2: Performance 2002/03
country road limited performance 2002/03 • Business returned to profitability against background of significant change • Flat sales in very competitive environment • Transformation of processes and systems complete • Further sustainable cost reduction • Mixed success on new product trials (food very
Slide 3: Australian retail environment
country road limited australian retail environment • Strong economic conditions but soft consumer confidence due to drought, bushfires, the Bali bombings and Iraq war • Overall retail sector growing (around 6% YTD) • Apparel sector less buoyant • Second half tougher than first (3rd quarter Myer –4%,
Slide 4: Strategy 2003/04
country road limited strategy 2003/04 • On trend merchandise • New design director • Revised development timetable (lead times halved) • Strong design brief • Expand retail chain • Open 15 new stores over next two years • Revise wholesale model • Cease supply to David Jones • Establish new relations
Slide 5: Strategy 2003/04 (cont.)
country road limited strategy 2003/04 (cont.) • Revised retail operational model  Flexible sales based staffing  Significantly reduced operating cost  Operating benchmarks established • More exciting store environments  Establish vision for store of the future  Upgrade top 15 stores • Impactful