Despite this new strategic direction and aggressive marketing campaign undertaken in the United States, the company continued to perform poorly. Soon Country Road found itseft in a vunerable position for takeover from international competitols. In 1998 Woolworth Holdingds Limited, a leading South African retailer, secured a controlling interest in Country Road. In an attempt to turn the company's performance around, Woolworths instituted a range of strategic initiatives. These initiatives were predominantly targeted towards Australian operations.
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