Big W speculation boosts Woolies shares 'Speculation that things are up for sale and could be flicked out and sold out, whether it is Big W or Masters, is certainly helping Woolworths' share price,' he said.
'It oakley mens sunglasses would be good for oakley sunglasses latest style Woolies to sell Big W in the short term but gains might be moderated by the fact it will be done at a discount compared to what it was worth years ago.' The speculation about the possible sale surfaced on Monday black friday deals on oakley sunglasses in the Australian Financial Review, which said TPG and Blackstone had been working together 'for some months' on a Big W takeover proposal. TPG and Blackstone both refused to comment on the speculation. However it is understood neither has made an approach to Woolworths. A Woolworths spokeswoman said: 'We will not comment on speculation.' Big W has been struggling with sluggish sales and is lagging behind rival retail chains Kmart and Target, which are both owned by Coles' parent company Wesfarmers. Kmart's same store sales rose 8.6 per cent and Target's 3.
2 per cent in the first quarter of fiscal 2016, while Woolworths' general merchandise same store sales, mainly oakley sunglasses dealers made up of Big W, fell 8.1 per cent. The speculation about Big W comes hot on the heels of last week's rumour of a possible tie up between Woolworths' Home Timber Hardware business and Metcash's Mitre 10.
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