Retailers/Woolworths Ltd/News

Woolworths Ltd news

 
30 April 2020
Woolworths has released Q3 results for the 13 weeks to 5 April 2020, with sales up 10.7% to AU$16,495m (US$10,797m) and positive growth across all continuing operations. Despite a slow start, the coronavirus pandemic drove a surge in grocery demand and boosted its sales for Q3. Australian Food up 11.3% to AU$11,171m (US$7,312m) Like-for-like (LFL) sales increased 10.3%, benefiting from pant...
22 April 2020
Woolworths has doubled its capacity for online grocery deliveries in response to the Coronavirus (COVID-19) outbreak. Preparing for lasting increases to online sales An additional 5,000 third-party couriers will join Woolworths' 800 delivery trucks to deliver online orders to homes. This will enable the retailer to offer more delivery windows from the end of this week. A new temporary 7,000...
16 April 2020
Coundown has launched its first darkstore in Auckland, helping the retailer meet the growing demand for ecommerce in the country's largest city. New centre will meet rapidly growing demand Even before the Coronavirus (COVID-19) surge in demand for online grocery deliveries, New Zealand was experiencing some rapid growth in the online channel. The new 8,800 sq m darkstore in Penrose will hel...
25 March 2020
Woolworths Australia has announced that it is to delay the demerger of its Endeavour Drinks business until 2021. Uncertainty puts demarger on hold The business was meant to be demerged in-mid 2020. However, with financial markets struggling and the business being forced to close all hotels in the wake of forced shutdown due to Coronavirus, CEO Brad Banducci has been left with no option but ...
05 March 2020
Woolworths and Terracyle's Loop are working to bring on board both suppliers and customers to test the new solution in a trial that will kick off in June 2021. Woolworths exclusivity for first year Woolworths and Terracyle announced their new partnership last year, which will give the retailer exclusivity to Loop's reusable product packaging for its first year of operation in the market. To...
27 February 2020
Woolworths has released its H1 2020 results with sales from continuing operations up 6.0% to AU$32,410m and EBIT after significant items up 24.2% to AU$1,762m. Australia Food sales up 6.4% to AU$21,200m The impressive growth was underpinned by a 5.1% increase in LFL sales and driven by both transaction growth and an increase in items per basket. Sales were supported by two strong promotiona...
24 February 2020
Woolworths Australia has announced that its first supermarket featuring automated picking technology will launch later this year, while it has extended its 2-hour Delivery Now service. First Takeoff Tech store to be located in south east Melbourne Woolworths announced its new partnership with Takeoff Technologies last year, with plans to roll out automated picking facilities into a number o...
31 January 2020
Woolworths has appointed two new senior executives to head up its Endeavour Drinks business, which it will spin off later this year. New team will lead new independent business Steve Donohue, the retailer's current drinks managing director, has become the managing director for its Endeavour Drinks function. While Colin Storrie, Woolworths' existing group portfolio manager will become chief ...
27 November 2019
Alimentation Couche-Tard has submitted a AU$8.6bn (US$5.8bn) bid to purchase Caltex Australia. Caltex battling profit downturn The Alimentation Couche-Tard offer is subject to board approval and follows another offer that was made in early October and rejected. Caltex has been repurposing its business in Australia due to a significant downturn in profit margins and already plans to look to ...
27 November 2019
Countdown is set to open New Zealand's first darkstore in Auckland in April 2020. Increased capacity for Auckland shoppers The retailer will open its first online dedicated fulfillment centre in response to growing demand for the service. Countdown has been rapidly growing its online sales in recent years, announcing that it now accounts for 7.7% of sales in recent results. The facility wil...