Woolworths Ltd news

Half year results season in Australia is out of the way, with both Woolworths and Coles having released their HY performance reports over the last two weeks. As the attention swings towards H2 and the rest of 2021, we believe that there are five major trends that will shape the Australian grocery market as we cycle out of the pandemic... 1. Acceleration of online grocery Over the past few y...

Woolworths Group has reported half year sales up 10.6% to AU$35,845m and EBIT up 10.5% to AU$2,092m for the period ending 3 Jaunuary 2021. Strong growth was seen across all businesses, except hotels, with online sales growing across the group by an impressive 78%. Australian Food sales up 10.6% to AU$23,449m Strong sales growth was seen through the half, slowing marginally in Q2. LFL sales ...

Woolworths has announced that it will invest more than AU$50m over the next three years in training its teams to have the skills and capabilities they will need for the future. Preparing its team for the future of retail The investment, called the Future of Work Fund, will look to 'upskill, reskill and redeploy' its team members in the face of industry change and technological advances. Are...

Woolworths has reported strong growth in Q1 FY21, with group sales up 12.3% to AU$17,853m. Australian Food up 12.9% to AU$12,033m                Australian Food sales continued to soar, boosted by COVID-19 and the retailer’s Ooshies collectables marketing campaign. Both stores and online played their part, with LFL sales up 11.5% and online sales growing 100% to $961m. Online penetration hi...

As Woolworths in Australia continues to drive digital innovation in its business through its X functions, we round up four of its latest developments... New digital, media and creative hub Woolworths will move its WooliesX and BigWX functions, media business cartology and creative agency Greenhouse, powered by M&C Saatchi, into a new building on Sydney's Elizabeth Street in Surrey Hills. Th...

Woolworths has shaken up its senior executive team in a move what it described as 'supporting its evolution into a food and everyday needs ecosystem'.  New leadership for Woolworths Supermarkets The current managing director of Woolworths New Zealand, Natalie Davis, will return to Australia and become the new Managing Director of Woolworths Supermarkets. Davis has led the business in New Ze...

Woolworths in Australia has launched a new B2B online platform called 'Woolworths at Work'. Dedicated platform tailored to business needs The retailer confimed that there were plans for a new B2B operation in the pipleline a few months ago  and has now opened the Woolworths at Work website . The service will look to target business customers and offer them a new solution for their everyda...

Woolworths has published its FY20 results for the year ending 28 June 2020, with group sales up 8.1% to AU$63,675m, but EBIT down 0.4% to AU$3,219m due to the impact of COVID-19 in H2. ‘Devastating impact of COVID-19’ In the second half of the year Woolworths' sales and EBIT were heavily influenced by the global pandemic. The shopping experience and sales patterns were particularly impacted...

Woolworths is set to launch its latest Ooshies collectables campaign on 26 August, with the exception of in Victoria due to the current COVID-19 lockdown in Melbourne. 36 Disney+ characters will be available for collection The campaign will build of the Lion King Ooshies that it ran last year, with the new theme focused on the Disney+ that launched in Australia in November last year. When s...

Woolworths has invested AU$552m (US$396.0m) in acquiring a 65% stake in PFD Food Services, Australia's second largest foodservice supplier. Another cog in the Woolworths ecosystem The deal involves AU$302m (US$216.7m) for the equity interest in the business and a further AU$249m (US$178.7m) that will see Woolworths acquire its 26 freehold properties and distribution centres. Woolworths Grou...