Woolworths Group Ltd outperforms the Consumer Staples sector despite losses on the day
Here is the latest company close update for Woolworths Group Ltd, WOW.
Woolworths
Woolworths’ supplier rebates under scrutiny
Questions have been raised about the impact of supplier rebates on Woolworths’ profit and executive bonuses at the second ACCC hearing into supermarkets that also included a notable surprise.
Woolies strike threatens ‘bare shelves’
Shoppers in Victoria and NSW may face “bare shelves” ahead of the Christmas season as workers at four Woolworths warehouses plan to walk off the job today over pay disputes.
Union threatens ‘bare shelves’ at Woolworths
The United Workers Union is demanding the supermarket giant increase its pay offer to hundreds of warehouse workers.
Woolworths denies ‘land banking’ sites
Woolworths boss Amanda Bardwell has been asked about internal documents showing the retailer’s strategy around buying and holding land.
‘Fiercely competitive’: Woolies boss’ claim
The boss of one half of Australia’s supermarket duopoly has made a curious comment on competition in the sector under questioning from the consumer watchdog.
ASX 200 rises; Woolworths denies ‘land banking’
Sites ‘held for strategic reasons’ Woolworths tells ACCC. SafetyCulture CEO to step down. Queensland coal ‘sugar hit’ won’t last: BHP. Elders in $475m buy after missing profit expectations, CEO extends stay. ASIC sues NAB.
David Jones owner puts iconic city store on the market
The landmark David Jones building in Bourke Street, Melbourne is being sold by South African retailer Woolworths Holdings, ending its costly move into the department store chain.
Cbus scandal exposes naked hypocrisy of top Labor leaders
After launching attacks on Coles and Woolworths, Anthony Albanese and Jim Chalmers refused to criticise Cbus and its executives, citing ‘ongoing legal proceedings’.
$50m a year up in smoke from illicit ciggy sales: Ritchies boss
The proliferation of the illegal tobacco trade and the dominant power of Woolworths and Coles are weighing on Fred Harrison’s independent supermarket chain, Ritchies.
Drakes boss lashes regulators over Coles and Woolies’ market power
Australia’s largest independent grocer says preventing further expansion of Coles and Woolies is the only way to rein in their excessive market power.
Class action filed against Coles, Woolies
Legal papers have officially been filed against Coles and Woolworths on behalf of consumers in relation to alleged dodgy sale prices.
Strike threatens Christmas booze supplies
Warehouse workers are threatening to disrupt booze supplies to Dan Murphy’s and BWS outlets in the lead up to Christmas.
Coles readies to launch AI-powered ‘smart trolleys’
New technology is coming to your local Coles store, as the retail heavyweight prepares to trial an AI-powered smart trolley that allows people to pick, weigh and pay for their groceries.
Coles accuses leaders of ‘politicising’ cost-of-living crisis
Coles chair James Graham has taken a swipe at the nation’s politicians, accusing them of ‘politicising’ the cost-of-living crisis to attack supermarkets.
$30bn valuation places Chemist Warehouse in the big leagues
Chemist Warehouse and Sigma will be worth more than $30bn when their backdoor listing deal is finalised, close to Woolworths’ valuation and several billion more than Coles.
Christmas strike threat for Woolworths
The supermarket giant’s food distribution network faces disruption in the lead-up to Christmas, as warehouse workers threaten to escalate industrial action in support of above-inflation pay rises as high as 36 per cent over three years.
’Nowhere else’: Grim reality for Aussie farmers
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
High prices and shrinkflation top consumer supermarket concerns
The ACCC has begun public hearings for its inquiry into the supermarkets sector, although it won’t take evidence on the current court case on alleged ‘fake discounts’.
‘Profit seems to be a dirty word’: Retail giants lash out
The nation’s two largest retailers have pushed back against official probes, with Wesfarmers chair Michael Chaney hitting out at the anti-profit rhetoric levelled against some of Australia’s biggest companies.
Original URL: https://www.theaustralian.com.au/topics/woolworths