Retailers/Woolworths Ltd/News

Woolworths Ltd news

 
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...
02 May 2023
Woolworths Group, the largest grocery chain in Australia, has recorded 8% Q3 sales to AUD16.34bn (US$10.85bn), underpinned by its food business. Australian Food: 7.6% gain in Q3 Woolworths Food Retail (which consists of stores and ecom) sales increased by 7.4% to AUD12,194m (US$8,090m), with like-for-like increasing 6.6%. Q2 average prices grew 5.4%, moderating from Q2 growth of 7.7%. The e...
19 April 2023
Metrogo and 7-Eleven are two banners that are setting the standards for convenience in Australia. With great food-to-go ranges and foodservice concepts, these small format stores are great models for meeting demands for busy lifestyles, who are shopping more frequently while on-the-go. Metrogo - new foodservice partnerships MetroGo is an evolution of the Woolworths Metro brand, formulated i...
14 April 2023
In our latest report , we showcase global inspiration from retailers leading the way in food-to-go and eating out in their stores. Here we outline some of the themes we’re seeing in food-to-go and eating out in retail. Retail Analysis subscribers can read the full report here .   1. SPAR Byzantium, Netherlands – a competitive coffee offer to rival specialist operators Looking to...
14 April 2023
Woolworths and Coles offer shoppers fresh discounts and loyalty points to compete on value. Woolworths makes Everyday Rewards more attractive with partner brands Woolworths will offer a points "boost" on a range of everyday essentials and household favourites. To activate the offer, Everyday Rewards members need to “boost” the offer in the Rewards app, by email, or scan the QR code in store...
22 February 2023
A strong Christmas season, focus on shopper experience and restoration to normal trading rhythm helped drive Woolworths Group F23 H1 sales by 4.0% to AUD33,169m (US$22,664m). EBIT grew 18.4% due to reduction of COVID-related costs in the prior year. Australian Food: H1 total sales up 2.5% Woolworths Food Retail (which consists of stores and ecom) sales increased by 2.4% to AUD24,196m (US$16...
26 January 2023
MyDeal marketplace, acquired by Woolworths Group six months ago, has been integrated into Woolworth’s loyalty scheme. Getting more for loyalty Everyday Rewards has over 13m Australian shoppers using the free card to access the loyalty programme. They earn one point per AU$1 spent at a variety of retailers. At Woolworths and BIG W, Every Rewards members enjoy a AU$10 (US$7.20) discount on a ...
20 January 2023
Woolworths has decided to close 250 of its 300 in-store butchers. Move to more convenient options Butchers account for just 4% of meat sales as shoppers prefer more convenient pre-packed options. The majority of stores will soon only offer pre-packaged meat products, following a deline in demand for in-store butchers. In the stores where both butchers and pre-packaged meat options are avail...