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South Africa-based Woolworths has reported a 20-week trading update, saying group sales rose contracted by 2.0% in constant currency terms as restrictions implemented because of COVID-19 affected results. It said restrictions had caused lower footfall at stores that were open, while they led to unplanned store closures too.

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Following updates from South Africa-based Woolworths and Walmart-owned Massmart, we round up news from the retailers. Woolworths SA invests in prices… Woolworths is to invest ZAR1.0 bn (US$61.4m) in prices over the next two to three years. ZAR750m (US$46.0m) will be invested in its food business and ZAR250m (US$15.3m) in its fashion business. In the first phase Woolworths will invest ZAR500...
David Jones and BP have announced that they will convert an additional 21 sites to David Jones Food stores by the end of 2020. Further sites across Melbourne and Sydney David Jones and BP teamed up last year, with the first David Jones Food store on a BP forecourt opening in November 2019 at BP Bayside Gateway in Melbourne. Since then the retailer has opened 9 further sites in both Melbourn...
South Africa-based Woolworths has appointed a new chief executive, Roy Enzo Bagattini. He will take charge of the company from February 2020. New chief executive joins from Levi Strauss Bagattini is presently executive vice president and president for Levi Strauss Americas. He oversees operations that generate about US$3.0 bn in revenues, which is about half of what Woolworths Holdings does...

Presentations

05/08/2020
David Jones is on a drive to bring an improved premium food offering to Australian consumers. We visited two of its first stores in Melbourne in early 2020; its standalone convenience store in South Yarra and its first store on a BP forecourt in Bayside Gateway, to better understand the offer and what the potential is for David Jones to inject innovation into the Australian convenience sector.
16/03/2020
This guide to South Africa explores the key trends in grocery retail, the outlook for the market over the five year forecast period and the growth strategies of country’s leading retailers.
19/07/2016
Woolworths Waterstone is a flagship store that represents the retailer’s strong intent to build a forceful presence in grocery retailing and provide a differentiated offer for shoppers.

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