Retailers/Woolworths Ltd/News

Woolworths Ltd news

 
19 May 2022
As Woolworths Australia partners with InvertiGro for an in-store vertical farm and with Iberdrola for renewable energy, we round up three developments from the retailer. Woolworths Metro and InvertiGro partner for in-store vertical farm Through a partnership with Sydney-based AgTech InvertiGro, Woolworths Metro will add an in-store vertical farm at Metro Park Sydney Village. The solution wi...
11 May 2022
Woolworths Group’s payment business Wpay has launched a digital wallet, which it is making available through its Everyday Rewards app. Woolworths looking to speed up the checkout process… To use the solution shoppers will scan a QR code at the beginning of their shop, rather than having to scan their Everyday Rewards card and select a payment method at the end of the transaction, as they do...
03 May 2022
Despite the impact of omicron and flooding across Australia, Woolworths has reported sales growth of 9.7% to AU$15,123m for the 13 weeks ending 3 April 2022. The retailer is outpacing Coles in Australia, but what else do the results tell us… Australian Food sales up 5.4% to AU$11,432m Although time periods are not directly comparable, growth of 5.4% compares to that of 4.2% reported by Cole...
23 February 2022
Woolworths Group has reported HY results for the period ending 2 January 2022, with sales up 8.0% to AU$31,894m, but EBIT down 11.0% to AU$1,382m. We pull out our top five learnings… 1. COVID and new revenue streams skew the big picture Woolworths Group CEO, Brad Banducci, described the period as ‘one of the most challenging halves’ for the retailer. A focus on customers, team and the broad...
28 October 2021
Woolworths and Coles have both released Q1 FY22 results, with Woolworths sales up 7.8% to AU$16,070m and Coles sales up 1.5% to AU$9,756m. We compare the performance of both retailers and pull out the key learnings from both statements. A particularly challenging quarter for both retailers Both retailers highlighted the challenges that they have faced in Q1 with ongoing lockdowns across NSW...
25 October 2021
We round up some of the recent developments from Australia's food and consumer goods market, including; new vaccination policies, senior appointments, business restructures, new sustainability initiatives and innovative product ranges. 1. Leading retailers make COVID-19 vaccination compulsory Woolworths, Coles and Aldi have decided to make it a mandatory requirement for all store, DC and of...
29 September 2021
Woolworths has been testing its new marketplace platform on the Central Coast in NSW since July and has now rolled out the service across Australia. Ambition is to offer tens of thousands of products via the new platform The retailer  announced that it would launch a new online marketplace  in April this year. Pilots of the new service called, Everyday Market, initially saw the platform off...
26 August 2021
Woolworths has released its FY21 results with sales up 5.7% to AU$67,278m and EBIT up 13.7% to AU$3,663m, online continues to be a big winner with ecommerce sales up 58.1% to AU$5,602m. Australian Food sales up 5.4% to AU$44,441m Growth of 10.6% in H1 was offset by growth of just 0.2% in H2, as Woolworths cycled tough comparative trading periods vs. the year before. Similar to Coles' result...
16 August 2021
Australia’s largest grocery retailer continues to accelerate the growth of its online business, with three significant developments over the past few months. Second micro fulfilment store opens in Australia, fourth in total for the group Woolworths has opened its second micro fulfilment-enabled eStore in Australia. the first store launched in Carrum Downs in Victoria in October 2020, with t...
09 August 2021
Woolworths in Sydney has temporarily closed two stores to help it boost capacity and meet the increased demand for online orders amid the on-going COVID-enforced lockdown in the city. Thousands of more delivery slots will be made available The two stores in Western Sydney, located in Cecil Hills and Fairfield, have been closed to the public and will be used to purely fulfil online orders un...