Search Results for: woolworths
Woolworths sales up in first quarter as fresh food prices ease but Big W slides
Retail giant Woolworths says lower prices and improved availability have increased demand for fruit, vegetables and meat, pushing its sales in first quarter of the new financial year higher.
Woolworths target Petstock offers up dozens of divestitures to satisfy competition regulator concerns
Woolworths target Petstock — the nation’s second-largest speciality pet retailer — is proposing to sell 11 of its shops in WA and dozens of other hospitals and stores to satisfy concerns about market dominance.
Australia’s pub king embroiled in ‘big fight’ with Endeavour Chairman
Endeavor Group’s majority shareholder Bruce Mathieson is calling for the resignation of Chairman Peter Hearl as the company’s performance continues to decline.
Endeavour is the owner of Dan Murphy’s and BWS while Bruce Mathieson is renowned as Australia’s pub king who has called for the company to head in a new direction with a reshuffling of its board members.
Sky News Business Editor Ross Greenwood says Endeavour’s joint venture with Woolworths has been a “big, big fight” since it was announced.
Mr Mathieson has wanted to bring in former Woolworths executive Bill Wavish onto the board as his representative but Endeavour has refused the request.
Over the past year, Endeavour’s share price has dropped 29.51 per cent.
Mr Greenwood says the group has its annual board meeting on Tuesday and it will be “very, very hot”.
Former Woolworths chief executive and retail legend Roger Corbett has also weighed in on the issue, claiming the Endeavour board has not done the job properly and should use the expertise of Mr Wavish and Mr Mathieson.
‘Big Brother’ fears for Aussie supermarkets
A brave new world of hi-tech surveillance is sweeping through Australian supermarkets, with retail behemoths Woolworths and Coles investing millions in more cameras.
Ex-Woolies boss lashes BWS, Dan Murphy’s
Former Woolworths boss Roger Corbett has lashed two of Australia’s largest alcohol retailers for losing their way and abandoning their customers.
Dan Murphy’s has ‘completely lost its way’: Former Woolies CEO
Former Woolworths CEO Roger Corbett says liquor retailer Dan Murphy’s, but also BWS, has “completely lost its way”.
Mr Corbett says the company was originally a “category killer” and an “everyday low-price” retailer.
“That’s what drove the expansion … that was where the success was,” Mr Corbett says.
“What are the key things that have gone wrong? They have lost the mojo.
“You can’t be an everyday low-price retailer if you’re not an everyday low-cost retailer – that’s fundamental.”
Sky News Business sits down with former Woolies CEO Roger Corbett
Sky News Business Editor Ross Greenwood sits down with former Woolworths CEO Roger Corbett to discuss Endeavour Group, Dan Murphy’s losing its mojo and the importance of low prices in retail.
Mr Greenwood discusses Australia’s biggest alcoholic drinks and pubs group, Endeavour, the owner of Dan Murphy, BWS and more than 300 hotels.
The company was created by the merger of Woolworths’ liquor businesses, Endeavour and ALH – then listed on the stock market in 2021.
Today, pubs king Bruce Mathieson is the largest shareholder in Endeavour with 15 per cent of its shares.
Ross Greenwood and Roger Corbett discuss the shifting Endeavour Board and what it means for the company and its management.
Alcohol retailer Endeavour Groups folds on Bill Wavish board tilt
Alcohol retailer Endeavour Group has backflipped on its refusal to allow shareholders to vote on the election of former Woolworths boss Bill Wavish to the company’s board.