Woolworths — Corporate Update (March 2007)

5 slides from Woolworths's corporate update, Mar 12, 2007

Slide 1: Retail Lunch 12 March 2007
WOOLWORTHS the difference Retail Lunch 12 March 2007
Slide 2: Introducing Andrew Jennings
Introducing Andrew Jennings • 37 years of experience at various retailers including Harrods, House of Fraser, and SAKS 5th Avenue • Natural affinity for South Africa; married to a South African with 2nd generation family settled here. • Focus will be on fine-tuning and adjusting the Woolworths busin
Slide 3: National Credit Act update
National Credit Act update • All new customers post 1 June 2007 will be subject to the NCA. All pre- existing customers will remain subject to usury. • For existing customers, the freeze on usury has been lifted and Woolworths will start charging an additional 3% interest (per the repo rate hikes) a
Slide 4: China import quota update
China import quota update • Quota’s have been implemented, and containers are strictly monitored • Woolworth’s quota has been mostly utilised for the current Winter buy. Summer season has been sourced via alternate avenues of supply. Expecting product inflation of approximately 5%. • Very little sou
Slide 5: Midrand Campus
Midrand Campus • Gauteng distribution centre operational from February 2007. • Have gone ‘live’ with frozen foods; perishables will be implemented after Easter due to the higher inherent risk in the product. • No teething problems – progressing as expected.