Woolworths Ltd news

 
26 August 2022
Woolworths released full year results with sales up 9.2% to AU$60,849m and EBIT down 2.7% to AU$2,690m. Excluding new businesses PFD and Quantium, the sales growth was 5.1%. We review the results and share five key learnings. 1. Australian Food sales momentum builds against backdrop of rising shelf prices   After an operationally challenging first half, Australian Food sales were AU$45,461m...
17 August 2022
Woolworths has announced its MD of B2B & Everyday Needs, Claire Peters, is leaving the business. She will take up the role of VP worldwide at Amazon Fresh. Oversaw strong growth at Woolworths Claire Peters joined Woolworths in 2017 as Managing Director of Woolworths Supermarkets. Prior to this, she had over 20 years of experience working for Tesco, having started at the retailer as a gradua...
15 August 2022
As Australia-based Woolworths officially launches its B2B site and looks to boost its use recycled packaging, amongst other developments, we round up news from the retailer. Woolworths officially launches B2B site Woolworths at Work After a trial that began in September 2020, Woolworths has launched its online service, Woolworths at Work, for business customers. Customers will be able to bu...
24 June 2022
As Woolworths launches a new quick commerce service and plans to stop selling reusable plastic shopping bags we round up developments from the retailer. Woolworths launches Metro60 quick commerce service Woolworths’ Metro60 service will enable shoppers to order through an app for delivery in an hour. The service, which will initially launch in 11 eastern Sydney suburbs, will carry an AU$5 d...
20 May 2022
Woolworths has entered into a Scheme Implementation Agreement to acquire approximately an 80% stake in marketplace MyDeal.com.au. Woolworths’ offer values MyDeal.com.au at AU$243m. Woolworths said if completed, the remaining 20% stake in the business would continue to be held by MyDeal’s founder and chief executive, Sean Senvirtne, and other key management shareholders. Acquisition would enhan...
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...