Woolworths Ltd news

 
02 May 2019
Woolworths has released Q3 results for the 13 weeks to 31 March 2019, with sales up 4.2% to AU$14,898m (US$10,467m) and positive growth across all continuing operations. Australian Food up 4.7% to AU$10,017m (US$7,039) Like-for-like (LFL) sales increased 3.6% (Easter adjusted 4.2%), benefiting from lower deflation and more settled weather compared to the previous year. Woolworths attributed...
25 April 2019
Woolworths has launched Compass, a mobile app that allows its suppliers to track the sales performance of its products. Allowing suppliers to track performance The Compass mobile app (available on Apple and Android smartphones free of charge) uses historical sales trends to forecast each product’s daily sales in every Woolworths store. If sales fall below forecasts, suppliers will receive a...
02 April 2019
Woolworths has announced plans to close up to 30 Big W stores, as well as launch a new media business called Cartology. Big W closures driven by shifting shopping habits Woolworths has announced plans to close up to 30 of its Big W discount department stores, as well as two of its distribution centres. The Big W business has struggled to deliver growth in the past few years. The chain repor...
27 February 2019
Woolworths in Australia has joined forces with Jamie Oliver to launch a healthy eating programme. Activity across multiple channels The new programme is called 'Healthier Easier' with advice available both in-store and online via the Woolworths website. The activity includes recipe ideas and videos from Jamie offering hints and tips to help customers produce delicious and healthier breakfas...
20 February 2019
Woolworths has released H1 results with overall sales up 2.3% to AU$30.6bn for the six month to 30 December 2018. Australian Food sales up 2.3% to AU$19.9bn Food sales improved in the second quarter, but lower than expected sales in Q1 meant a slowdown for the half. It posted a 2.3% increase to AU$19.9bn, with EBIT rising 4% to AU$937m. The impact of the plastic bag ban and the succe...
13 December 2018
Woolworths in Australia has launched a new concept store called 'The kitchen' by Woolworths, focused on health, wellness, organic and eco-friendly innovation. Test bed for new products and the next big food trend The new store, located in the affluent suburb of Double Bay in eastern Sydney, is around a third of the size of a typical Woolworths and is being used as a test bed for new innovat...
28 November 2018
Countdown in New Zealand has moved to simplify its leadership team. Leadership team reduced to 11 people The Woolworths-backed retailer has reduced the number of people it its leadership team to 11 from 17. The shake-up of the management comes following new CEO Natalie Davis having taken over the leadership of the business in July this year. The job cuts are understood to be across a number...
12 November 2018
UK-based, fast-expanding, specialist fuel forecourt retailer, Euro Garages has made another international acquisition; moving into its third continent with the purchase of 540 fuel forecourt sites from major Australian supermarket operator Woolworths.  The expected completion of this deal in early 2019 will boost Euro Garages' total global network of sites to 5,250 across Europe, the US and now A...
02 November 2018
Woolworths has released Q1 results with sales up 1.9% to AU$14,853m. Australian Food sales up 1.9% to AU$9,870m Food sales slowed in the quarter, particularly at the start of the period when Woolworths removed single use plastic bags from its stores and changed the phasing of promotional activity from the previous year. Despite this, customer metrics and LFL sales remained strong, tracking ...
17 October 2018
Woolworths has become the latest Australian retailer to increase its investment in organic products. Boosting organic production over the next five years Australia's market leading grocer has launched the Woolworths Organic Growth Fund, which will assist Australian farmers to increase the production of organic produce. Woolworths will invest AU$30m into the fund that over the next five year...