Published: August 19, 2018
Supermarket group’s CEO says removal of the throwaway bags had a greater impact than the company expected
Woolworths’ ban on single-use plastic bags has hurt the supermarket group’s sales, the chief executive admitted.
Although Woolworths on Monday delivered a 12.5% jump in annual net profit to $1.7bn, Brad Banducci said sales in the first seven weeks of the new financial year slowed as customers adjusted to the removal of the throwaway plastic bags from all checkouts across Australia in June.
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