Woolies home improvements needs a reno

Woolworths needs to fix its home improvements division before it becomes a drain on earnings and investor confidence.

Woolworths shares could come under pressure this morning as the company finally fesses up on the real performance of its new home improvement division, Masters.

Wesfarmers’ Bunnings division is one of the few operations with dominance over Woolworths, which has spent the past two years building a rival operation that so far has failed to live up to expectations.

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