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.