Woolworths NZ

Woolworths NZ lifts sales 2.3% in tough trading conditions

Thu 31 Jan 2

The group's supermarkets here increased sales to $2.94 billion in the 27 weeks ended December 30 from $2.88 billion a year earlier.

Woolworths NZ profit up 29% on increased sales at fatter margins

Tue 8 Jan 3

Net profit rises to $128.9 million in the 12 months ended June 24, from $99.8 million a year earlier.

Grocery giant hits $8bn in sales, pays out $339m

Wed 4 Aug 1

The three Foodstuffs grocery co-operatives have collectively clocked up $8 billion in sales, making them the country’s largest enterprise after Fonterra based on revenue.

Two of the co-operatives, based in Auckland and the South Island, have reported for the year to February 28, while the Wellington-based Foodstuffs has reported to March 31.

The sales increase of 3.9% on the previous 12 months compares with a rise of 4.6% for supermarkets operated by Woolworths under the Progressive Enterprises banner.

NZ supermarkets still holding Woolworths back.

Thu 29 Jan

Australasian retail giant Woolworths has shrugged off the challenging economic environment to record a sales rise of 8.8% for the first half of the financial year, although its New Zealand operations continue to struggle in a competitive market.

Overall, sales in the company were up $A2.1 billion to $A26.1 billion and Woolworths chief executive and managing director Michael Luscombe understandably says he is pleased with the result in the current climate.

Warehouse shares shed 16pc, ComCom lauds “victory for consumers”

Thu 31 Jul 1

Shares in the Warehouse dropped 61 cents to $3.21 this morning following the Court of Appeal reversing a High Court decision to allow the sale of the Warehouse to either Foodstuffs or Woolworths.

A loss for shareholders was nevertheless hailed as a gain for consumers by the Commerce Commission, and a victory for competition in markets.

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