Woolworths's Closure of MyDeal Not Surprising -- Market Talk

Dow Jones

2025/06/30

2254 GMT - Woolworths's decision to close MyDeal doesn't surprise Jefferies. That's because of the challenging economics of marketplaces and Wesfarmers's closure of Catch. Analyst Michael Simotas says the destruction of capital invested into MyDeal clearly isn't positive. Also, the ongoing earnings benefit from closing the operation is modest. Still, Jefferies welcomes the move because it is a step toward simplifying "a very complicated business and it suggests management won't have tolerance for ongoing losses." Jefferies has a hold call on Woolworths and A$29.50/share price target. Woolworths ended last week at A$31.14. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 29, 2025 18:54 ET (22:54 GMT)

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That's because of the challenging economics of marketplaces and Wesfarmers's closure of Catch. Analyst Michael Simotas says the destruction of capital invested into MyDeal clearly isn't positive. Also, the ongoing earnings benefit from closing the operation is modest. Still, Jefferies welcomes the move because it is a step toward simplifying \"a very complicated business and it suggests management won't have tolerance for ongoing losses.\" Jefferies has a hold call on Woolworths and A$29.50/share price target. Woolworths ended last week at A$31.14. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2025 18:54 ET (22:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Woolworths's Closure of MyDeal Not Surprising -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWoolworths's Closure of MyDeal Not Surprising -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-30 06:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2254 GMT - Woolworths's decision to close MyDeal doesn't surprise Jefferies. That's because of the challenging economics of marketplaces and Wesfarmers's closure of Catch. Analyst Michael Simotas says the destruction of capital invested into MyDeal clearly isn't positive. Also, the ongoing earnings benefit from closing the operation is modest. Still, Jefferies welcomes the move because it is a step toward simplifying \"a very complicated business and it suggests management won't have tolerance for ongoing losses.\" Jefferies has a hold call on Woolworths and A$29.50/share price target. Woolworths ended last week at A$31.14. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2025 18:54 ET (22:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WOW.AU","symbol_name":"WOOLWORTHS GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2547038791","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547038791","pubTimestamp":1751237640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2254 GMT - Woolworths's decision to close MyDeal doesn't surprise Jefferies. That's because of the challenging economics of marketplaces and Wesfarmers's closure of Catch. Analyst Michael Simotas says the destruction of capital invested into MyDeal clearly isn't positive. Also, the ongoing earnings benefit from closing the operation is modest. Still, Jefferies welcomes the move because it is a step toward simplifying \"a very complicated business and it suggests management won't have tolerance for ongoing losses.\" Jefferies has a hold call on Woolworths and A$29.50/share price target. Woolworths ended last week at A$31.14. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WOW.AU":"WOOLWORTHS GROUP LTD","BK7511":"ESG概念","BK7501":"新冠治疗股","BK7040":"食品零售"},"translate_title":"Woolworths关闭MyDeal并不令人意外——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOW.AU":0.9},"content_text":"2254 GMT - Woolworths's decision to close MyDeal doesn't surprise Jefferies. That's because of the challenging economics of marketplaces and Wesfarmers's closure of Catch. Analyst Michael Simotas says the destruction of capital invested into MyDeal clearly isn't positive. Also, the ongoing earnings benefit from closing the operation is modest. Still, Jefferies welcomes the move because it is a step toward simplifying \"a very complicated business and it suggests management won't have tolerance for ongoing losses.\" Jefferies has a hold call on Woolworths and A$29.50/share price target. Woolworths ended last week at A$31.14. 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