Woolworths Australia has announced that it is to delay the demerger of its Endeavour Drinks business until 2021. Uncertainty puts demarger on hold The business was meant to be demerged in-mid 2020. However, with financial markets struggling and the business being forced to close all hotels in the wake of forced shutdown due to Coronavirus, CEO Brad Banducci has been left with no option but ...

Woolworths and Terracyle's Loop are working to bring on board both suppliers and customers to test the new solution in a trial that will kick off in June 2021. Woolworths exclusivity for first year Woolworths and Terracyle announced their new partnership last year, which will give the retailer exclusivity to Loop's reusable product packaging for its first year of operation in the market. To...

Woolworths has released its H1 2020 results with sales from continuing operations up 6.0% to AU$32,410m and EBIT after significant items up 24.2% to AU$1,762m. Australia Food sales up 6.4% to AU$21,200m The impressive growth was underpinned by a 5.1% increase in LFL sales and driven by both transaction growth and an increase in items per basket. Sales were supported by two strong promotiona...