Woolworths Group’s Post

🚀 Exciting Announcement! 🚀 After 6 incredible years with the Woolworths group, I've decided to embark on a new chapter to broaden my professional horizons. My time with Woolworths has been nothing short of amazing, offering invaluable learnings into the FMCG landscape specifically in the freezer space, particularly mastering the range review process across multiple categories. Throughout my journey, I've had the privilege of meeting numerous phenomenal brands, creating great friendships, and eating a lot of frozen goods. As many of us in the industry know, navigating the ranging processes as a new supplier can pose significant challenges. Understanding the intricate requirements can often feel like an unraveling mystery and a foreign language. Since transitioning from Woolworths, I've been fortunate to leverage my experience in offering consultancy services. It's been lots of fun as well as fulfilling to share knowledge and empower businesses, especially smaller ones, in their endeavors to secure a place on the shelves of retailers. I'm thrilled to announce that I will continue assisting small businesses in navigating these complex waters as a consultant. I'm open to collaborating as I pursue my passions🌟 #FMCG #Consultancy #RetailInsights #BusinessGrowth

There is no surprise that Coles Group is excelling in winning the value consumer market. Over the past 24 months, they have strategically expanded their private label program with great success through the multi-tier approach - Coles Simply, Coles, & Coles Finest. These products are not only well-positioned and stocked in-store but also maintain a high standard of quality. With the recent opening of the second automated distribution centre (ADC), Coles Group is poised for further growth in market share, enhancing productivity, and service levels for both stores and consumers. Despite being a smaller business in terms of revenue and store numbers, Coles Group's focused approach on its core supermarket business sets it in a strong position, allowing undivided attention to address any issues and drive performance. Moreover, Coles Group benefits from a significant CODB advantage and currently delivers an enhanced in-store experience. The rebranding of Vintage Cellars & First Choice liquor stores to Liquorland reflects strategic simplification and clarity for both consumers and the organization, leading to cost savings in the future. #focused #foodretail #qualityexecution #smartmoves

Ballarat Woolworths sold by JLL Woolworths Ballarat sold by JLL agents Jarrod Herscu, Stuart Taylor, Tom Noonan and MingXuan Li 李名轩, which was first regional freestanding Victorian supermarket to be sold in 2024. Jarrod Herscu commented, “The campaign received over 10 bids and was one of the highest enquiry rates in the last 24 months. Considering the regional location and older state of the building this demonstrates the significant depth of capital for freestanding supermarkets. These investments have long been a highly coveted asset class in commercial real estate due to their highly defensive investment qualities.” Stuart Taylor commented, “As Victoria’s largest inland city, Ballarat continues to be on the radar of investors looking to capitalise on the strong population growth and 50% stamp duty savings” Read more on COMMO - https://lnkd.in/gKTyNzNu JLL Jarrod Herscu Stuart Taylor Tom Noonan MingXuan Li 李名轩 Nick Willis #ballaratwoolworths #woolworthssold #JLLlatest #vicwoolworths #jll #jllaus #retailrealestate #retaildevelopment #retailinvestment #ballarat #ballaratrealestate #realestateinvestment #propertyinvestment #shoppingcentre #regionalvictoria

Last week's resignation of Woolworths CEO Brad Banducci came as quite a shock, having walked out of an ABC interview broadcast on Monday. Pressure is ramping up on our supermarkets who continue to announce strong profits while the public struggles at the register, with Woolworths announcing a $1bn profit on Wednesday. Read more here 👉 https://buff.ly/3I5IBBB Our data shows that high prices are clearly affecting integrity perceptions of our supermarkets, unsure of whether they are paying a fair price for their groceries. Record profits and corporate bonuses will only further drop these perceptions. Explore more data here 👉 https://buff.ly/3Qw862R #australianleadership #supermarkets #coles #woolworths

What happened in retail this week? 👇 - 766 part-time jobs at risk at Co-op as they close Member Pioneer programme. - Asda launched dedicated ‘Nanzone’ spaces to ensure the older generation doesn’t have to watch the Euros at home alone. - TDR Capital is set to become Asda’s majority owner in Q3 2024. - Greggs is set to open a new logistics and manufacturing site as it targets 100s of new stores. - Tesco SKUs grow by more than a third following the new online marketplace launch. - Tesco’s growth continued with like-for-like sales up 4.6% in the 13 weeks leading to May 25. - Sainsbury's cut plastic waste by 694 tonnes a year with new salmon & chicken packaging. - Aldi UK has lowered prices on many items ahead of Father’s Day, including BBQ essentials. - Morrisons cut prices of matchday essentials ahead of the Euros. - Asda picks 5.3 million Scottish strawberries to serve at Wimbledon. — — — — — — — I post the biggest stories from the UK’s biggest retailers each week. Connect with me to never miss a weekly update. #Retail #News #June 

What happened in retail this week? 👇 - Lidl GB announced a further £37m investment in staff pay, which will see 26,000 hourly paid colleagues receive the “highest rates of pay” in the sector. - Sainsbury's invest £220m in its current financial year to keep prices low for customers. - Aldi UK announced it will create up to 500 apprenticeship roles across the UK this year. - Marks and Spencer extends its price lock until easter and lowers prices of food essentials as it vows to deliver trusted value to customers in 2024. - Morrisons is on the brink of sealing a £2.5bn deal with CD&R-owned Motor Fuel Group to sell its petrol forecourts. - Co-op has debuted a carbon reduction scheme that financially rewards its beef supply chain farmers for sustainable farming practices. - Tesco is selling smaller vegetables to help UK farmers affected by storms and flooding since October. - Sainsbury's chief executive officer Simon Roberts has been appointed as the new president of IGD by its board of trustees. - Poundland & Dealz is refurbishing 11 of the 71 wilko stores it acquired in 2023, with work on the first set of stores to be completed this weekend. - Marks and Spencer has bolstered its executive committee team, hiring advertising giant WPP’s Rachel Higham as chief digital and technology officer, and promoting Mark Lemming to managing director of international. — — — — — — — I post the biggest stories from the UK’s biggest retailers each week. Connect with me to never miss a monthly update. #Retail #January 

Reply from WLA to my question about Ms Bardwell's salary c/f Mr Banducci's: "Hi Scott, good question, initial reports indicated Ms Bardwell’s base salary will be less than Mr Banducci’s, the full packages are not stated". My response: Thank you for your response and answer. I find it telling (Woolworth's board and culture) that the new CEO is not as well salary- compensated (package unknown), when, arguably, she is stepping in to a very challenging situation. I don't cry out Gender Inequity for the sake of it, but if it "walks like a duck, and quacks like one too?"..... obviously, my view is limited by not having access to all the relevant information. #genderequity #equality #paygap #genderbias #inclusion #businesssuccess #leadership #strategy

Grocery Giants Down Under: Duopoly or Doom? 🇦🇺 After watching this interesting video by Australian Broadcasting Corporation (ABC) on the simmering issue of high grocery prices in Australia and the dominance of Coles and Woolworths also known as Coles-Worth. At the end of the video these were the questions that came across in my mind: 1. Are these two supermarket giants stifling competition and driving up prices for everyday Aussies? 2. How did these brands undeniably dominated & controlled a significant share of the market. 3. Does the lack of competition theoretically allow them to inflate prices without much fear of losing customers? The frustration of Aussie consumers and the plight of local suppliers struggling against supermarket giants resonates strongly in this video. The video calls for a shake-up in the grocery sector. Maybe it's time to break up the duopoly and give consumers a fairer share of the (vege)table pie! (The video doesn’t focus much on the complexities of the grocery supply chain, factors like global food price fluctuations, or the efficiency gains these large chains might bring.) But is it that simple? What do you think? Just some questions to continue this discussion: • Coles and Woolies, do they deserve the blame for high grocery prices? • Do we have any alternative solutions besides breaking up the big two? • How can we ensure a fair and competitive grocery market in Australia? #GroceryPrices #Australia #Coles #Woolworths #Competition #SupplyChain https://lnkd.in/gFYYkYiC

Woolworths reported turnover from continuing operations of R75.2 billion, a 4% increase from the previous year. *Gross profit coming in at R27.5 billion. The group’s gross profit margin increased by 30bps to 24.7%, driven by more targeted promotions, reduced waste, and value chain efficiencies. *Operating profit declined from R6.6 billion to R6.0 billion, and headline earnings per share dropped 30% from 514.7 cents per share to 364.2. * The adjusted profit before tax for the group fell by 29.3% to R4.6 billion. * The group has also declared a final gross cash dividend of 117.5 cents per ordinary share for the period, reflecting a 23.9% decrease from the previous year’s final dividend. * Online sales surged by 52.8%, driven by the success of Woolies Dash, which saw over 70% growth. * Net trading space dropped by 0.2% relative to the prior period. However, online sales increased by 30.4% and contributed 5.6% of South African sales. * Woolworths Food demonstrated robust performance, turnover and concession sales grew by 9.0%, with a 6.9% increase on a comparable store basis. #results #Woolworths #jobs

Whatever your personal opinions on the supermarket industry, Woolworths Supermarkets or the recent events involving Brad Banducci this is a pivot event we are watching unfold in one of Australia's biggest retailers. And I for one am sad we are losing a great leader from the supermarket ranks. If you have never worked in the supermarket industry you just don't know how tough the environment is. I and many of my friends have done it for either a good time or a long time and it is one tough MF of a role. But why? 💥 It takes an enormous beast of enthusiasm, energy, leadership and smarts to make these engines work from the smallest corners of the country to the major metropolis and everywhere in-between 💥 The businesses are literally 24/7, 362.5 days a year as one of the largest employers, logistics management hubs, working with product that has to arrive or be made fresh every single day delivered within the hours customers want to get it which has got longer and longer every year 💥 In times of crisis they feed communities, ensure towns have employment and suppliers are helped through tough trading times 💥 They literally feed nations, grow communities and keep the world turning 💥 Brad Banducci has been an incredible leader who had done this with grace, vision, consistency and enormous focus. He has cared for individuals, teams, communities and his people. He is liked, loved, enormously admired and well regarded. Yes, some loath the tactics employed by the organisation and the strategies but he is a quality, thoughtful and generous leader. I think it is deplorable that the departure of a delightful and admired leader is marked with the controversy of the ABC interview and the grocery enquiry. There are many facets to a leader, leadership and how to keep those operations running. Come across to NZ and see what a real duopoly looks like, but also come over here and try and successfully run a supermarket business at scale. Go well Brad Banducci. I know you have been one of the most successful leaders in the Woolworths Group business for years. There is an outpouring of shock and sadness and the things I will remember are all the fabulous improvements and enhancements you lead that have contributed to the supermarket sector and raising the level of excellence in retail.