Woolworths Ltd news

Australia's market leading grocer has sold its petrol operation to BP for AU$1.8bn (US$1.3bn). New deal will retain fuel vouchers and test new c-store partnership After months of speculation, Woolworths has confirmed that BP will acquire the 527 petrol stations and 16 sites under development from the retailer. The petrol sites that are currently supplied by Caltex Australia will gradually b...

With our team of analysts visiting over 20 countries in 2016, we’ve identified the top stores you should visit in the year ahead to see some of the key trends shaping format development in the sector. Here’s our final instalment of a three-part series. Click to view part 1 and part 2 . China: Easy Carrefour, Gonghe, Shanghai Carrefour China introduced Easy Carrefour, a new neighbourhood...

Woolworths has partnered with Australia Post to install parcel collection lockers in 500 stores. Lockers will start appearing this year... The 24/7 parcel lockers will appear in Woolworths stores over the next five years, starting with five pilot stores in December 2016. The supermarkets that will first feature the lockers will be in Carnegie, Glen Huntly, Mentone and Northcote in Victo...

Australian retailer Woolworths has opened the first of its “next generation” stores, featuring expanded fresh food sections and an increased health range. Focus on health and fresh The store reopened at Warringah Mall on Sydney’s Northern Beaches, after a multimillion-dollar upgrade, and it offers a more modern and convenient shopping experience. The supermarket says customers’ health wi...

Woolworths in Australia has launched a range of new 'phantom brands', exclusive to the retailer, but without any Woolworths branding. Brands stretch across numerous categories Woolworths has developed the new brands using customer insights and said that some customers preferred to not have the retailer brand on the products they bought. A whole range of new products have started appearin...

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...

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...

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 ...

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...

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...