Woolworths to Sell or Close Masters & Wesfarmers adds UK Homebase to its Portfolio
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Woolworths to Sell or Close Masters & Wesfarmers adds UK Homebase to its Portfolio

Woolworths has finally made the decision to offload its poor performing brand, Masters Home Improvements, after sales continue to fall. In what was an attempt to rival Wesfarmers brand, Bunnings, the Maters business failed to take off, and Woolworths has been struggling to sustain ongoing losses. On another note, it's
Dick Smith Electronics Enters Voluntary Administration
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Dick Smith Electronics Enters Voluntary Administration

The troubled electrical retailer was placed into voluntary administration by its board. Trade on DSE shares were halted yesterday morning pending an announcement on its funding position and debt financing. Recent article from Inside Retail Australia:   Dick Smith’s share price plunged at the end of 2015 after it scrapped its profit guidance following