Woolworths Ltd news

 
28 October 2016
Woolworths has released its Q1 2017 results, with sales growing 1.0% to AU$15,333m and an improving picture in its Australian food operations. Australian food sales up 1.7% to AU$9,321m Woolworths food operations have recorded a resurgence in performance, with LFL sales growing 0.7% in the quarter. This is a considerable improvement when you consider that Woolworths' food division didn't...
03 October 2016
Woolworths has confirmed that it is assessing the future of its network of over 500 petrol sites across Australia. Three companies in running for business The retailer has confirmed that it has received incomplete and conditional proposals from a number of parties related to the sale of the business. Press reports in Australia say that the parties involved include BP, Vitol and Caltex...
25 August 2016
Australia's market leading retailer has reported that its FY2016 sales declined 1.2% to AU$58,086m, with EBIT (before significant items) also down 35.5% to AU$2,564m. Australian Food sales down 0.2% to AU$34,798m Woolworths Australian supermarkets recorded a 1.3% decline in like-for-like (LFL) sales in FY2016, driven by both significant price investment, but also a decline in items per ...
12 August 2016
Australian retailer Woolworths has launched its own radio station, called Woolworths Radio. New radio channel will be available in-store and on the go The new radio station will be played in-store, however through teaming up with streaming service Pandora, can also be listened to by people wherever they are. The service will run 24 hours a day, seven days a week and will look to app...
26 July 2016
Woolworths has announced plans to stabilise its performance, including store closures, the slowing down of new store openings, job cuts and the sale of assets. 30 stores to close in Australia and New Zealand Woolworths plans to close 30 supermarkets and slowdown its development of new stores over the next few years. Closures will mainly be in Australia, but six store closures are also r...
07 June 2016
Woolworths has announced that it will scrap its AU$1bn a year 'Woolworths Select' mid-tier private label in favour of a new brand known simply as 'Woolworths'. New 'Woolworths' brand to focus primarily on food products The 'Woolworths Select' brand was launched in 2005 and has grown to a range of over 1,300 SKU's, however Woolworths has taken the decision to rebrand the range as 'Woolwor...
03 May 2016
Woolworths has reported that Q3 sales from continuing operations in the 13 weeks to 3 April 2016 declined 0.7% to AU$14,400m. Australian food, liquor and petrol sales declined 0.6% to AU$11,736m Australian food and liquor sales in the period grew 0.4% to AU$10,659m, however LFL store sales declined 0.9%. Although Woolworths said that customer numbers increased in the quarter, growth was ...
07 April 2016
Australian petrol forecourts are set to see a new convenience format rolled out later this year, as Caltex looks to revamp its existing stores. New format will offer better value, food and even haircuts! The new format, which will be revealed over the coming months, is set to offer better value and more services, including food-to-go, ready meals, dry cleaning and even haircuts. The reva...
29 March 2016
Woolworths Australia is dropping its long-standing Homebrand value private label brand and will rebrand all products under the name Essentials. Homebrand to be merged into existing Essentials brand Woolworths introduced Homebrand in 1983 and the range has grown to over 850 SKU's. However, despite work to improve the quality of products in recent years and also significant packaging re...
26 February 2016
Woolworths has announced the appointment of a new CEO, on the same day that it has reported H1 results for the 27 weeks ending 3 January 2016, with sales down 1.4% to AU$31,983m and EBIT down 31.6% to AU$1,457m. Brad Banducci appointed as new CEO Despite what is clearly a tough set of results, Woolworths has appointed a new CEO in the form of Brad Banducci, the current MD of Woolworths ...