Renewal of Contract
March 26 2003 - 2:00AM
UK Regulatory
RNS Number:1960J
Peacock Group PLC
26 March 2003
26 March 2003
THE PEACOCK GROUP PLC
WOOLWORTHS BIG W CONTRACT
The Peacock Group plc ("Peacocks" & "the Company") is pleased to announce that
it has now formally renewed its contract with Woolworths plc ("Woolworths"), a
subsidiary of Woolworths Group plc, to supply its large out-of-town format
stores, Woolworths big W. The new contract, effective from August 2003, covers
a 3-year period to August 2006 and provides for Peacocks to supply its ranges
into all existing and new Woolworths big W stores.
Peacocks is currently represented in all 18 Woolworths big W stores and will
participate in the 3 openings planned in 2003. The trial of a limited range of
Peacocks merchandise in several Woolworths Mainchain stores, started in 2002,
has been terminated.
Commenting on the agreement Richard Kirk, Chief Executive of Peacocks, said:
"Woolworths big W is an exciting format with good potential for expansion once
fully proven. We are delighted to confirm our long term partnership with
Woolworths and look forward to building on the progress that has been achieved
so far."
Commenting on the agreement Trevor Bish-Jones, CEO of Woolworths Group plc,
said: "We are pleased to continue the association with Peacocks in our
Woolworths big W stores. The structure of our new deal gives more visibility
and accountability over the performance of the clothing ranges which is key to
our remit of providing excellence in value for money retailing".
Enquiries:
For The Peacock Group plc
Richard Kirk, Group Chief Executive Tel: 029 2027 0000
Keith Bryant, Group Finance Director
Hudson Sandler, Andrew Hayes / Keith Hann Tel: 020 7796 4133
For Woolworths Group PLC
Christopher Rogers, Group Finance Director Tel: 020 7706 5179
Nicole Lander, Head of Corporate Affairs Tel: 020 7706 5653
Tulchan Communications Tel: 020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
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