Tag Archives: Brad Banducci

Woolworths Group says sorry for underpaying staff

A review has found that 5,700 salaried store team members under Woolworths Group were not being paid in full. Woolworths has admitted to underpaying its workers up to $300 million. The review began earlier this year by the Woolworths Group. Findings showed that pay was not in full compliance with the …

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Woolworths partners with Marley Spoon

Woolworths Group has entered into a strategic partnership with subscription-based meal kit provider Marley Spoon. The partnership includes a $30 million investment in Marley Spoon by Woolworths Group and the issue of Marley Spoon shares. The issue of shares will result in Woolworths Group owning approximately nine per cent of …

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Coles and Woolies release third-quarter results

Each of the ‘big two’, Coles and Woolworths, reported third-quarter growth in supermarket sales, according to their latest results. Coles says it delivered a “solid outcome”, while also enjoying growth in Coles Online of 27 per cent. Woolworths hailed its own “sales momentum” and, like Coles, clocked up impressive growth …

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Woolies sells fuel network, scales down BIG W

Woolworths has completed the sale of its petrol business to EG Group and will return the proceeds via a buyback. The buyback will be off market and return $1.7 billion to shareholders, Woolworths says. The offer period will open on April 16. Shareholder value Woolworths Group Chair Gordon Cairns says …

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Woolworths ends sale of $1 per litre fresh milk

Woolworths has removed $1-per-litre fresh milk from sale to aid what it describes as the dairy industry’s “long-term sustainability”. The supermarket is selling two and three litre varieties of Woolworths-branded fresh milk for $2.20 and $3.30, respectively. “Every cent of the increase will end up with Australian dairy farmers,” Woolworths …

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Woolworths Group to sell petrol business to EG Group

Woolworths Group has entered into a binding agreement to sell its 540 Woolworths-owned fuel-convenience sites to EG Group for $1.725 billion. EG Group describes itself as “the leading independent petrol forecourt retailer in Europe” which is also “having great success in the US”. It operates about 4,700 sites across Europe …

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Woolworths first-quarter results reflect ‘underlying health’, says CEO

Woolworths Group CEO Brad Banducci has hailed the supermarket’s ‘strong’ metrics and praised customers for weathering single-use plastic-bag ban. He was commenting on Woolworths’ first-quarter sales results for the financial year 2019 14 weeks to 30 September 2018 (Q1’19). In a statement, Woolworths Group listed its progress against “key priorities”, …

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Woolworths Group and customers raise over $7m for farmers

The Woolworths Group, together with its customers, has raised more than $7 million so far for drought-hit Aussie farmers. They have done so through Rural Aid’s Buy a Bale appeal. Rural Aid is already using the money to deliver more livestock feed and cover essential household expenses. It will also …

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Woolworths and Coles support drought-hit Aussie farmers

Woolworths this week announced its support of Rural Aid, in a partnership that will help double the charity’s existing capacity in the next 12 months. The retailer says it has done this to support Australian farmers and rural communities affected by the drought. Hundreds more farmers are set to benefit …

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Points are in the bag for Woolies and Coles customers

Customers who bring their own reusable bags when shopping at Woolworths or Coles will earn bonus points for their eco efforts via the supermarkets respective loyalty programs. Woolworths customers will earn two Rewards points for every shopping bag they bring with them to use in-store – for up to 30 …

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