Woolworths Ltd news

Sales for the Australian retailer grew 3% to AU$15.7bn in the first quarter, with the food and liquor divisions performing more weakly than anticipated. However, CEO Grant O'Brien remains confident of improvements in Q2. Trading conditions and promotion cycles impact Food and Liquor The Australian Food and Liquor division delivered growth of 3.9%: following a strong start to the quarter in J...

According to press reports, Woolworths and Coles are considering expanding their portfolio into the convenience channel, with retailers scouting for sites in city centre locations. 200-400 sq m stores to target urban shoppers With increasing urbanisation, busy lifestyles and the conversion of office blocks to apartments, it is understood that the major Australian grocers are considering the...

The price battle in Australia continues with Woolworths announcing further cuts on staple products to help Australian families. Strengthening value on core shopping list items Just last week Woolworths lowered the price of its Homebrand white sliced bread to just 85c, the lowest ever price on the product. At the time it also said that this reduction was just the start of further great value...

Woolworths has published a reported entitled the 'Future of Fresh' in which it builds a picture as to how Australians will be shopping in 20 years time. Fundamental shift in shopper behaviour Woolworths has surveyed the Australian people to better understand current shopping habits, but also the expected habits of what it calls 'Generation Alpha' (those born from 2010). The report predicts ...

Woolworths has released full year results for the 52 weeks ending 29 June 2014, with sales up 5.9% to AU$60.8bn and EBIT from continuing operations up 5.3% to AU$3.8bn. Australian Food and Liquor sales up 4.7% to AU$41,171m, with EBIT up 9.1% to AU$3,279m Like-for-like (LFL) sales in supermarkets increased 3.0% driven by improvements in value and the customer offer. Woolworths' supermarkets...

Australia's market leading retailer has stepped up its expansion into online retailing with the opening of its first darkstore warehouse in southern Sydney. New facility in area of highest online demand The new 7,000 sq m facility is located in the suburb of Mascot, near Sydney airport, 7km south of the CBD. The opening is significant not only as it is Australia's first darkstore, but it al...

Woolworths' Director of Business Transformation Julie Coates to leave the company. Coates exits months into major supply chain project Julie Coates has served in a variety of roles within the business over the last twelve years, taking the lead on a working group seeking to transform logistics operations in October last year. This major project, entitled Mercury 2, is tipped to be a bill...

Woolworths and celebrity chef Jamie Oliver have launched a promotion whereby customers can collect sensory stickers that are aimed at educating children on the benefits of fresh food. Educating Australia on fresh food origins and benefits The Jamie’s Garden Collectibles range is a world-first collection of sensory stickers that are aimed at engaging children around the sourcing and health b...

Jamie Oliver and Woolworths have launched a new range of ready meals that will be exclusively sold in its stores. Chef partnership will hopefully drive ready meal category The new range entitled 'Created with Jamie' uses the strapline ' wickedly tasty food' and claims to have sourced the best ingredients from across Australia. The 29 lines currently launched across categories such as bakery, m...

The growth of Australia's online grocery market has been slow to take off when compared to many markets across Europe, however impressive growth is rapidly helping it catch up, with Woolworths leading the way. 50% year-on-year sales growth Woolworths is now able to deliver online groceries to 96% of Australian homes, with its online sales growing 50% in the third quarter of its financial year ...