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Woolworths Ltd news

 
19 July 2019
The subsidiary of Woolworths has announced the first batch of stores to close next year. Three store closures in the same city The first three of about 30 Big W stores to close over the next three years are all in Sydney - Chullora, Auburn and Fairfield. There would have been some cannibalisation between the stores as they are in close proximity to each other. These three stores will shu...
04 July 2019
Woolworths Group has announced plans to spin off its drinks and hospitality operations, Endeavour Drinks and the ALH Group. Creating a new entity, Endeavour Group Woolworths Group will combine Endeavour and ALH to form Endeavour Group Ltd. The new entity will combine the 1,500+ BWS and Dan Murphy’s drinks outlets and 327 ALH pubs and hotels, as well as the Pinnacle Drinks, Cellarmasters, an...
11 June 2019
Woolworths in Australia has invested AU$30m into meal kit delivery company Marley Spoon. Benefits and learnings for both companies The investment by the market leading retailer will see it form a strategic partnership with Marley Spoon, as well as take ownership of 9% of the business. Although no details have been released it is expected that the two companies will work together to develop ...
05 June 2019
Woolworths has announced that it will focus more on delivering every day low prices on products and cut back on weekly promotions. Price is a key metric of store choice Speaking last week, Director of Buying at Woolworths, Peter McNamara, explained that shoppers have been telling the retailer that although getting a "good deal" remains important, having prices that are trustworthy is "one o...
05 June 2019
Woolworths in Australia has announced a restructure of its in-store fresh food teams. Two in-store teams to oversea fresh food The new structure will see the creation of two teams in each supermarket; the 'fresh service' team that will run the butchers, seafood and deli counters and the 'fresh convenience' team that will operate shelf-orientated fresh food such as dairy, packaged meat, eggs...
17 May 2019
Woolworths' flagship liquor banner has poached Alex Fruedman from Coles to head up its operations.  20 years of experience in Australian and UK retail Alex Freudmann will take over as Dan Murphy's managing director from Faye llhan who has been overseeing the business in an interim role. Freudmann will bring over 20 years of retail experience to the role having worked in the industry both in...
09 May 2019
Woolworths in Australia continues to enhance its neighbourhood Metro network through opening new stores and flexing the offer. Metro footprint and sales continue to increase Woolworths now trades 36 Metro stores, having started rolling out the format five years ago. The smaller neighbourhood format stores have been a success for the retailer, driving double digit growth in its last trading ...
02 May 2019
Woolworths has released Q3 results for the 13 weeks to 31 March 2019, with sales up 4.2% to AU$14,898m (US$10,467m) and positive growth across all continuing operations. Australian Food up 4.7% to AU$10,017m (US$7,039m) Like-for-like (LFL) sales increased 3.6% (Easter adjusted 4.2%), benefiting from lower deflation and more settled weather compared to the previous year. Woolworths attribute...
25 April 2019
Woolworths has launched Compass, a mobile app that allows its suppliers to track the sales performance of its products. Allowing suppliers to track performance The Compass mobile app (available on Apple and Android smartphones free of charge) uses historical sales trends to forecast each product’s daily sales in every Woolworths store. If sales fall below forecasts, suppliers will receive a...
02 April 2019
Woolworths has announced plans to close up to 30 Big W stores, as well as launch a new media business called Cartology. Big W closures driven by shifting shopping habits Woolworths has announced plans to close up to 30 of its Big W discount department stores, as well as two of its distribution centres. The Big W business has struggled to deliver growth in the past few years. The chain repor...