Woolworths Ltd news

 
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 ...
15 February 2016
Woolworths has kicked off a 12 month trial of click & collect lockers at Sydney's Bondi Junction train station. Same day collection on orders placed before 11am Woolworths has teamed up with Sydney Trains to install the lockers that will allow busy commuters to pick up their groceries on the way home. The service will allow shoppers who place orders before 11:00 to pick up their shopp...
08 February 2016
Woolworths is to close some of its Thomas Dux stores, as it looks to focus more attention on its core supermarket business. Stores in Sydney and Melbourne to close soon According to local press reports, Woolworths has been trying to sell the premium chain of stores, however will now start to close stores that are under performing. More than half of its five New South Wales stores are ...
20 January 2016
Woolworths has appointed Dave Chambers as the new managing director of Progressive Enterprises in New Zealand. Chambers returns to previous role after one year in Australia Chambers will return to New Zealand having previously headed up Progressive Enterprises from 2001 to January 2015. Chambers will move from his current role as Director of Woolworths Supermarkets in Australia, taking o...
19 January 2016
Woolworths has announced that it plans to sell or close its Masters hardware chain, whilst Coles' parent Wesfarmers has announced the international expansion of its Bunnings hardware chain. Sale of Masters due to losses and challenging outlook Masters was established in 2011 as part of a joint venture with US hardware chain Lowe's and has grown to 58 stores. However, following continued ...