Woolworths Ltd news

As we welcome in 2014, Senior Business Analyst Nick Miles looks ahead and explores some of the trends and developments that we are likely to see emerge from Australia's dynamic and exciting grocery market over the next 12 months. 1. Thinking 'multichannel' will unlock new areas of growth After years of supermarket dominated retailing, the Australian grocery market is becoming increasingly comp...

Coles and Woolworths have agreed to voluntarily cap the level of discounts they offer on fuel. More level playing field for the competition The agreement means that the retailers will only offer discounts that are solely funded from their fuel and associated convenience businesses, plus see them cap the discounts available from supermarket dockets at 4¢ off per litre. Independent retailer...

After 11 years as Woolworths Chief Financial Officer, Tom Pockett will retire from his position on 1 February and the Woolworths Board on 1 July 2014. David Marr to succeed Tom Pockett Pockett was appointed as CFO in August 2012 and joined the Woolworths Board seven years ago. He will be replaced by David Marr, who has been lined up to succeed Pockett over the last three years. Marr joined ...

The General Store has launched in the Australian state of Victoria, bringing a new online grocery offer to the market. Wide range of grocery and fresh products The General Store launched on 18 November and is a new online business that will provide grocery home delivery to homes across Melbourne, Geelong, Bendigo and Ballarat, with more to come. The website stocks a full range of grocery pro...

After more than 18 months of negotiations both Woolworths and Coles have agreed to sign a new voluntary code of conduct that will oversee the relationship that retailers have with its suppliers. The new code of conduct will have implications for retailers and suppliers The new code will ask retailers to no longer charge suppliers for products stolen from supermarkets, but instead encourage th...

Australia's leading retailer, Woolworths, has reported sales up 6.1% for the first quarter of the 2014 financial year, with the supermarket division reporting sales growth of 6.4%. Result underpinned by Australian Food and Liquor business The Australian Food and Liquor business reported sales of AUS$10.4bn for the quarter (+4.5%), with comparable store sales up 2.5% and increases in custo...

Woolworths has launched its latest round of price cuts as it looks to improve its price image and save customers even more. Price cuts focus on best selling lines The new round of price cuts under the retailer's Every Day Value campaign focuses on the most popular fresh food and big brand items, which Woolworths claim could save customers more than AU$1.2m a week. Prices have been cut on ...

Woolworths is trialling in-store coffee kiosks in its stores in Melbourne and Sydney. Initial tests in three stores Woolworths has installed the coffee pods into its Ashwood and Moonee Ponds stores in Melbourne and one in Sydney, allowing customers to enjoy a coffee or snack when doing their shopping. If the kiosks are popular then the retailer will plan to roll them out to more stores. Spec...

Both Coles and Woolworths have announced new partnerships with two iconic British chefs, as they continue to promote great quality fresh and affordable healthy food. Coles teams up with Heston Blumenthal Coles has announced that it will be forming an exclusive partnership with Heston Blumenthal to create an extensive range of products with a focus on Australian and Indigenous ingredients. T...

Woolworths has launched a new Farmers private label milk brand in some of its stores in New South Wales. Direct milk supply to drive a more sustainable future The brand has started to appear in stores on the north coast of the state, with plans to roll it out to all of its NSW stores in the next few months. The brand is sourced from dairy farmers in the Manning Valley and comes in three var...