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      "text": "Transformation plan expected to deliver between $250mn to $350mn in annualized EBITDA improvement over the next 2 to 3 years vs fiscal 2019. Significant workforce reduction and major organizational realignment in August 2020; estimated to generate future annual pre-tax cost savings of approximately $150mn, excluding one-time costs. Planned closure of ~200 mostly BBB stores over the next two years under Store Network Optimization Project expected to generate ~$100mn in annualized savings. Planned savings of ~$200mn from product sourcing through work with existing vendors. Reinvestment of between approximately $150mn to $200mn of the expected cost savings into future growth initiatives. Potential of between ~$350mn to ~$450mn to be unlocked through sale of non-core assets (including sale of PMall). Further improvement of working capital through the removal of about $1B of inventory at retail ($0.5bn at cost) from within BBB stores over the next 24 months",
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