Tag Archives: Brad Banducci

Woolworths results show resurgence

An emboldened Woolworths has posted an increase in revenue of 4.5 per cent over 2016-17, to total $36.4 billion, as the retailer benefited from a change of direction and refocused food strategy. The company also posted comparable sales growth of 3.6 per cent over the year, although cost-cutting measures have …

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Customers charged twice through processing error

A processing error by Cuscal has caused some customers who shopped at Woolworths from March 11 to 13, 2017, and used Visa to pay, to be charged again on Sunday August 6. In a statement by Woolworths, CEO Brad Banducci said: “We are outraged on behalf of our customers that …

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Woolworths sees progress in restoring sustainable sales growth in food

The retailer has announced strong sales momentum in Q3’17, with Australian Food sales up 5.1 per cent to $9.3 billion with comparable sales growth of 4.5 per cent (Easter adjusted). Woolworths Group Chief Executive Officer Brad Banducci said: “We are still in the early stages of our turnaround and are …

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Woolworths to focus on customer experience and convenience

Speaking at the Global Food Forum, presented by The Australian newspaper this week, Woolworths CEO Brad Banducci said Amazon’s “onshoring” in Australia highlighted the megatrend of convenience. Mr Banducci was responding to The Australian business columnist John Durie, who asked when Amazon would “destroy” Woolworths. “I think it’s a hard one,’ Mr …

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Woolworths teams up with Australia Post

Australia Post Parcel Lockers

At least 500 around-the-clock Australia Post parcel lockers will be installed in Woolworths stores across the country, providing shoppers with convenient parcel collection and returns. Customers simply need to add the parcel-locker address to the ‘to’ field at check-out during online purchase, and a text or email will be sent …

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Woolworths releases first-quarter results

Woolworths Group has announced that the company grew 2.2 per cent in the first quarter of financial year 2017. The group’s Australian food division sales grew 1.7 per cent from $9.16 billion to $9.32 billion and comparable sales growth was 0.7 per cent compared with the corresponding period in FY16. …

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