Woolworths Limited
(ASX:WOW) has updated the market on progress related to its operating model review, indicating it will explore options to sell online retailer EziBuy.
CEO Brad Banducci has cited poor performance and a failure of business synergies being realised as factors behind Woolworths looking to offload the catalogue clothing and homewares retailer.
Woolworths has also announced it has moved 1000 members from its group office into its businesses, in a drive to improve accountability and reporting.
The supermarket giant is also set to permanently remove 500 roles from its support office and supply chain.
Woolworths Limited reported a net loss of $2.09 billion at 3 January 2016.
