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About our Woolworths news
Latest news on Woolworths Group, providing comprehensive coverage of Australia's largest supermarket chain, including store updates, product news, financial results, sustainability initiatives, and more.
Woolworths Group is a major Australian company operating supermarkets, liquor stores, and other retail businesses. With over 3,000 stores and 215,000 employees as of 2020, Woolworths serves millions of customers across Australia and New Zealand through its flagship Woolworths Supermarkets and Countdown brands.
In recent developments, Woolworths CEO Brad Banducci announced his retirement effective September 2024, with Amanda Bardwell named as his successor. The company also reported a $781 million loss for the 2023 financial year due to major write-downs. Woolworths continues to expand its offerings, launching the MarketPlus platform in November 2023 to combine its various online marketplaces, including MyDeal, Everyday Market, and Big W.
Woolworths is committed to supporting local communities through initiatives like its Woolworths at Work program for small-to-medium businesses, launched in August 2022. The company also focuses on sustainability, pledging to reduce plastic waste and increase the use of renewable energy in its stores. In July 2023, Woolworths announced plans to rebrand its New Zealand-based Countdown supermarkets as Woolworths over the next three years, accompanied by the launch of its Everyday Rewards loyalty programme in the country.
Founded in 1924 as a variety store in Sydney, Woolworths has grown to become Australia's largest company by revenue and number of employees. Throughout its history, the company has adapted to changing consumer needs, transitioning from variety stores to supermarkets and expanding into new markets like liquor, petrol, and general merchandise.
Our Â鶹´«Ã½ feed on Woolworths Group provides up-to-date coverage of this iconic Australian company, keeping you informed about the latest store openings, product launches, financial results, and strategic decisions. With news gathered from reliable sources, this feed is essential for those interested in the retail industry, investors, and anyone following the developments of one of Australia's most influential companies.