Woolworths Ltd news

 
04 May 2021
In the last few weeks we have seen both Coles and Woolworths announce new AI-enabled solutions that it hopes will make stores both more efficient and better to shop. Coles to automate fresh produce replenishment Coles has partnered with Relex Solutions to replace its manual fresh produce ordering system with a new cloud-based AI platform. The new technology will help Coles maintain and impr...
29 April 2021
Woolworths has released Q3 results with sales up 0.4% to AU$16,566m. However, the data shows two distinct trading periods during the quarter with sales heavily impacted in the last six weeks as the retailer starts to cycle COVID-19 trading from 2020. So what have we learnt? Growth ahead of Coles, but not on a two-year basis Although food and liquor sales declined sharply in the final six we...
22 April 2021
Woolworths in Australia has an ambition to evolve its business into a ‘food and everyday needs ecosystem’ and in the last week we have seen three big developments that will further facilitate it towards achieving this goal. 1. Purchase of controlling stake in data analytics firm Quantium At the heart of every retail ecosystem is a huge amount of data that is generated from activities across...
04 March 2021
Before the COVID-19 pandemic online grocery was accelerating in Australia, however since the pandemic hit, growth has become supercharged. For retailers and suppliers online grocery is going to be a vital growth channel over the next few years down under. In our next  Future Talk by Retail Analysis webinar,  we will consider how global retail trends are impacting on Australia and how the onlin...
26 February 2021
Half year results season in Australia is out of the way, with both Woolworths and Coles having released their HY performance reports over the last two weeks. As the attention swings towards H2 and the rest of 2021, we believe that there are five major trends that will shape the Australian grocery market as we cycle out of the pandemic... 1. Acceleration of online grocery Over the past few y...
24 February 2021
Woolworths Group has reported half year sales up 10.6% to AU$35,845m and EBIT up 10.5% to AU$2,092m for the period ending 3 Jaunuary 2021. Strong growth was seen across all businesses, except hotels, with online sales growing across the group by an impressive 78%. Australian Food sales up 10.6% to AU$23,449m Strong sales growth was seen through the half, slowing marginally in Q2. LFL sales ...
11 February 2021
Woolworths has announced that it will invest more than AU$50m over the next three years in training its teams to have the skills and capabilities they will need for the future. Preparing its team for the future of retail The investment, called the Future of Work Fund, will look to 'upskill, reskill and redeploy' its team members in the face of industry change and technological advances. Are...
04 November 2020
Woolworths has reported strong growth in Q1 FY21, with group sales up 12.3% to AU$17,853m. Australian Food up 12.9% to AU$12,033m                Australian Food sales continued to soar, boosted by COVID-19 and the retailer’s Ooshies collectables marketing campaign. Both stores and online played their part, with LFL sales up 11.5% and online sales growing 100% to $961m. Online penetration hi...
24 September 2020
As Woolworths in Australia continues to drive digital innovation in its business through its X functions, we round up four of its latest developments... New digital, media and creative hub Woolworths will move its WooliesX and BigWX functions, media business cartology and creative agency Greenhouse, powered by M&C Saatchi, into a new building on Sydney's Elizabeth Street in Surrey Hills. Th...
14 September 2020
Woolworths has shaken up its senior executive team in a move what it described as 'supporting its evolution into a food and everyday needs ecosystem'.  New leadership for Woolworths Supermarkets The current managing director of Woolworths New Zealand, Natalie Davis, will return to Australia and become the new Managing Director of Woolworths Supermarkets. Davis has led the business in New Ze...