GWE in store retail is considering closing stores to save a further 20% next year. Given current figures, how many stores would you expect GWE to close?

  
 
 
 

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GWE Profit and Loss for (Year 1) Asia Australia Online (Excludes Australia) in-store Australia Europe USA (53 stores) online Online Online Group Sales GWE Retail 45.9 28.7 55.9 31.6 31.8 GWE Financial 43.1 18.6 126.4 74.3 Revenue 45.9 71.8 74.6 158.0 106.1 Group Expenses Operating Expenses 12.8 25.1 32.8 50.6 33.9 Profit before tax 33.1 46.7 41.8 107.4 72.2 GWE Profit and Loss for (Year 1) Asia Australia Online (Excludes Australia) in-store Australia Europe USA (53 stores) online Online Online Group Sales GWE Retail 45.9 28.7 55.9 31.6 31.8 GWE Financial 43.1 18.6 126.4 74.3 Revenue 45.9 71.8 74.6 158.0 106.1 Group Expenses Operating Expenses 12.8 25.1 32.8 50.6 33.9 Profit before tax 33.1 46.7 41.8 107.4 72.2

Answer rating: 100% (QA)

The likely profit for Asia Retail next year will be 41 mill... View the full answer