Tag: Brad Banducci

Woolworth Group delivers F24 half-year results

At its F24 half-year results announcement, Woolworths Group sales increased by 4.4% to $34.6 billion with Australian Food delivering the strongest growth for the half. In Q2, sales growth rates moderated in...

Woolworths Group CEO announces retirement

Woolworths Group has announced that Managing Director and Group CEO of Woolworths Group Brad Banducci has given notice of his intention to retire and, by agreement with the Board, will leave in...

Woolworths provides update ahead of half-year results

Woolworths Group has announced two significant items to be recognised in its upcoming FY24 half-year results. The significant items relate to the non-cash impairment of the carrying value of the New Zealand Food...

ACCC to examine supermarket prices and competition

The Australian government has announced that it will direct the ACCC to conduct an inquiry into Australia’s supermarket sector. The year-long inquiry will examine the pricing practices of the supermarkets, along with the...

Woolworths Group calls for respect

Woolworths Group is calling for respect and courtesy from customers this holiday season. This comes as the retailer’s team members continue to report “unacceptable levels” of verbal abuse and physical aggression in stores. Since...

Coles and Woolworths respond to Senate inquiry

Coles and Woolworths have both provided statements regarding the Senate inquiry into the price gouging of major supermarkets amid Australia’s cost-of-living crisis. Spearheaded by the Greens, the inquiry will scrutinise the impact of...

Woolworths releases first quarter results

Woolworths has released its 2024 first quarter results, with Group sales revenue increasing 5.3% to $17.22 billion. Across the retailer’s Australian food division, total sales increased 6.4% to $13.1 billion. “Importantly for our customers,”...

Woolworths Group announces strong full year results

Woolworths Group has reported group sales of $64.3bn in its full year results, up 5.7% from F22. Group e-commerce sales was up 0.8% to $6.592m. Woolworths Group CEO Brad Banducci says, “The 2023...
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