While it is likely we haven’t yet seen the full impact of the closure – quarter one next year could see some suppliers feeling a negative impact, for example – it is widely believed that the licensing industry has coped well with the loss of Woolworths. “It’s been great to see our Woolworths contacts moving forward and bringing their invaluable expertise to new roles within the industry,” says WBCP’s Bufton. “Our business has accepted the unfortunate loss of Woolworths and have focused on bridging the gap with new retail partnerships which look incredibly promising.”
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