Woolworths Holdings news 

11 November 2013
In two separate announcements, South Africa-based Woolworths highlighted the opportunities and difficulties being faced by retailers looking to expand within Africa. Woolworths plans to exit Nigeria… Without setting a timeframe to complete it by, the retailer’s chief executive, Ian Moir, announced that Woolworths was looking to close its three stores in Nigeria. Woolworths opened its first st...
29 August 2013
Woolworths (South Africa) has reported group operating profit up 29.1% for the full year ended June 2013, and confirmed the 23.2% rise in turnover reported at its preliminary announcement in July. Woolworths Food sales grow ahead of market In the second half, despite pressures on South African consumers, group sales continued the strong sales trend begun in the first half. They were ad...
30 July 2013
After enjoying a period of strong online growth – that has seen the number of shoppers using the service double – Woolworths (South Africa) has announced that it is improving its digital offer. New site to offer retailer’s full range The retailer’s new web site is said to provide ‘a fresh look and a number of new features’. Commenting on the revamped site, Woolworths’ head of online, Nikki Co...
22 July 2013
Announcing preliminary full year results for the 53 weeks ending 30 June 2013, South Africa-based Woolworths said that sales rose by 23.2% to ZAR35.2 billion (US$3.6 billion). The retailer noted, though, that excluding the additional week, sales rose only 21.3% to ZAR34.7 billion (US$3.5 billion). Food is driving growth in sales Woolworths, which is predominantly a general merchandise retaile...
12 March 2013
South Africa-based Woolworths has announced plans to expand the range of products it carries at its supermarkets as part of a wider enhancement of the retailer’s stores. New initiatives to support on-going strategy The retailer said that it was looking to extend its ranges, add 2,000 new SKUs, offer more branded goods, invest in price and expand space in order to better meet the needs of its ...
18 February 2013
Woolworths has announced that despite operations outside its home market of South Africa accounting for only a small share of its sales in 2013, it is looking to invest in regional growth as part of a ‘long play’ on Africa’s continued economic expansion. Expansion to be driven by company-owned stores Woolworths’s expansion strategy will focus on adding company-owned stores or through operatin...
15 February 2013
South Africa-based Woolworths has announced that during the first half of its financial year it enjoyed total sales growth of 18% and a rise in like-for-like sales of 9.4%. Grocery sales see strong growth The company said that food sales had risen by 11.1%, aided by an increase in price of 7.4%. Like-for-like sales were up by 7.8%, underlining the strength of Woolworths’s performance. Clothin...
16 January 2013
South Africa-based Woolworths has announced group results for the first 26 week period of its 2013 financial year, saying that like-for-like sales had risen by 9.4% and by 18% in total, driven by the performance of its clothing range. Good progress across all product categories The company said that in South Africa it had enjoyed positive sales growth across all areas of its business: C...