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Woolworths Ltd news

 
24 August 2023
Australia is blessed with a strong economy and the latest results from the top two leaders, Woolworths and Coles , confirm shoppers’ spending ability. I visited Australia to see stores for the first time this year and got to all the latest flagship stores in Sydney and Melbourne. Which are the best stores in Australia?  Here are six stores that I recommend, with links to full reports and vi...
23 August 2023
Woolworths’ Group sales is up 5.7% to AUD64,294m and EBIT up 15.8% to AUD3,116m in FY23 for the period ended 25 June 2023. The stellar profit delivery is due to a more stable environment, higher sales and benefits of ongoing investments. According to CEO Brad Banducci, excluding direct COVID costs incurred in the prior year, Group EBIT increased by 3.4%. 1. Australian Food sales increased by 5...
17 August 2023
Woolworths is trialing new security measures to prevent shoplifting at its supermarkets. Surveillance camera and gates The new security measure uses rooftop sensors to track customers as they leave self-checkout counters. If the sensors identify a shopper who has pretended to pay or is attempting to walk straight out, the gates will stay closed. It is an additional measure to reduce stock l...
25 July 2023
Woolworths New Zealand is launching Milkrun delivery platform, which will deliver groceries within an hour. Faster than regular delivery The new service will deliver fresh flowers, hot chickens, sushi and cold milk, faster than normal supermarket delivery services which are typically next day. The retailer had been running a trial with friends and family and have delivered significantly bet...
18 July 2023
New Zealand's Countdown supermarkets will be rebranded back to Woolworths in a move that comes as part of a transformation programme.  Rebrand to take place over next three years The supermarkets were formerly known as Woolworths in New Zealand, but rebranded in 2011. Woolworths Group, its parent company, plans to invest more than NZD400m (US$253m) in the rebranding. It will start with the ...
11 July 2023
We round up key updates from leading retailers in Australia. Health: Woolworths removes children's snacks from check out Woolworths research shows that almost a third of customers mostly or always use government ratings Health Star Rating (HSR) to choose between different food products. By offering options that display HSRs, Woolworths aims to make healthier choices easier. Kids confectione...
20 June 2023
Woolworths is offering Everyday Rewards members extra points on a range of everyday essentials. Tailored offers  Each week, Everyday Rewards members will receive a selection of individual tailored offers. These booster offer will include a large number of points for spending a certain amount over a week or more, in-store and online. Everyday Reward members are encouraged to check their boos...
29 May 2023
Woolworths Australia has announced key changes to its paid loyalty programme and acquisition of Milkrun, a quick commerce player. Key changes to Every Rewards Extra programme Woolworths Everyday Rewards Extra is an extension of its Everyday Rewards loyalty programme. Members pay a subscription fee to enjoy “subscribers’ only” rewards. Under the new rules, subscribers will pay a higher subsc...
22 May 2023
Woolworths is dropping the prices of more than 450 winter essentials including chicken, corned beef, soup and pasta, as part of its latest seasonal Prices Dropped campaign. Average discount of 19% The program will help shoppers save on the products they regularly buy in-store and online over winter. The price drops are worth over $700 across the full basket of products. The products include...
05 May 2023
In our 2023 Global convenience trends report, we identified ‘Flexing the product mix for profitability’ as one of our five key trends shaping the convenience channel this year. Convenience retailers are investing to develop their product offers. Food-to-go, ready-to-eat and food-for-later ranges are becoming more diverse, both from a pricing and mission perspective. We look at some ex...