WOOLWORTHS REAPING BENEFITS OF COST CUTS

SYDNEY, Australia (FNS) -- Woolworths here, Australia's leading supermarket chain, said it is just beginning to reap the benefits of cost reductions from its Project Refresh initiative aimed at revitalizing its supply chain and inventory management, buying and marketing.John Dahlsen, Woolworths chairman, said the initiative is expected to result in annual savings of more than $60 million within three

SYDNEY, Australia (FNS) -- Woolworths here, Australia's leading supermarket chain, said it is just beginning to reap the benefits of cost reductions from its Project Refresh initiative aimed at revitalizing its supply chain and inventory management, buying and marketing.

John Dahlsen, Woolworths chairman, said the initiative is expected to result in annual savings of more than $60 million within three years, surpassing the original forecast of $50 million.

"We approach the ne

Register to view the full article

Already a member? .