Banducci starts kicking goals
Banducci has to keep building on today’s tentative signs of recovery if Woolworths wants to regain its blue-chip status.
Banducci has to keep building on today’s tentative signs of recovery if Woolworths wants to regain its blue-chip status.
Wesfarmers shares sank nearly 6pc yesterday as flagship Coles posted its worst growth in grocery sales since 2009.
Takeaway food is enjoying boom times, as supermarket meal and grocery offerings struggle to compete.
Coles has outperformed Woolworths for a record straight seven years but that run looks like coming to an end.
Increased competition, a tough Target turnaround and Masters’ fire sale have all weighed on Wesfarmers’ figures.
Analysts expect Woolworths sales will have rounded a corner, at the expense of rival Coles.
The Supercheap Auto chain has become one of the first hit by Masters’ $500 million fire sale.
Woolworths-owned hotel group ALH has withdrawn its sponsorship of Adelaide gay and lesbian Feast Festival.
Caltex has confirmed its interest in Woolworths’ portfolio of petrol stations as a sales process proceeds.
Woolworths will pay out millions of dollars in licensing fees as it extinguishes a deal with manufacturer Hills.
Abysmal performance from active managers leaves the door open for index-style funds.
Receivers Ferrier Hodgson claim Dick Smith Electronics’ reliance on rebates skewed buying practices.
Metcash expects “significant efficiencies” after taking control of the franchise.
While Caltex is tipped as the front runner to buy Woolies’ $1.5bn portfolio of petrol stations, it had other suitors.
Woolworths says it’s made no decision yet on several offers for its $1.5bn portfolio of petrol stations.
The pressing question is what the competition watchdog would say about a transaction between two market heavyweights.
A court has sent Woolworths and Lowe’s back to the negotiating table, putting a stay on a winding up application.
Matt Keogh has resigned as CEO of Country Road, as Scott Fyfe steps up to become the retailer’s third boss since 2014.
For Woolworths, the Masters D-Day was Wednesday, August 24 — no matter what its US partner Lowe’s did.
Corporate Australia is taking a tougher line on executive pay as boards are getting more attuned to investors.
Masters partners Woolworths and Lowe’s have been at loggerheads since last year over the chain’s solvency.
US group Lowe’s has told a court that Woolworths cooked up a “straw man” plan B to get out of its Masters venture.
The fight between Woolworths and its estranged partner in Masters, US giant Lowe’s, is set to roll into a second week.
Lowe’s says it was kept in the dark in the dying days of Woolworths’ plan to sell Masters’ assets.
Woolworths’ stock is set to shoot as high as $40 a share as its recovery gains traction, says BAML’s David Errington.
Ex-CEO Grant O’Brien is believed to have left Woolies with about $11m, but the firm says the sum is private.
Dark days are far from over for Woolworths investors.
Woolworths’ top executives, including CEO Brad Banducci, have missed out on $3 million in cash bonuses.
Despite the supermarket giant’s underperformance in the last year, salaries to key personnel ticked up.
Lowe’s has succeeded in its court bid to see documents on Woolworths’ vote to exit Masters.
Original URL: https://www.theaustralian.com.au/topics/woolworths/page/45