Retail - Australia

Aussie Grocery Giant in Leadership Limbo Fuels Bond Market Angst

Bond investors are souring on Woolworths as sales slump at Australia’s largest supermarket chain and the company still hasn’t named a new boss....

Woolworths Slumps as Key Sales Measure Falls at Record Pace

Woolworths said its key measure of sales in the first quarter fell at the fastest rate in records dating back to at least 2005, as Australia’s l...

Buyout Firms Said To Approach Woolworths On $1 Billion Big W

Blackstone Group LP, KKR and Co. and TPG Capital have made preliminary approaches to Australian retailer Woolworths Ltd. to express interest in its Big W d...

Woolworths Names New Chairman Amid First Sales Drop Since 2005

Woolworths, Australia’s largest supermarket chain, appointed a new chairman and posted annual results that matched analyst estimates as its key sales...

Wesfarmers' Profit Meets Analysts' Estimates Amid Competition

Wesfarmers, Australia’s largest retailer, posted annual earnings that matched analysts' estimates, as discounting and a move to more own-brand goods...

Aldi Continues Offensive Against Australia's 'Big Two' Grocers

A once-steady rate of FMCG growth in Australia has continued to stall as a result of price-cuts, with the weakest growth in almost two years, reports...

Woolworths Shares Gain Most Since 2013 On David Jones Turnaround

Woolworths shares climbed the most in almost two years after the South African food and clothing retailer said that an improved performance by Australia&rs...

New Upmarket Aldi Stores Open in Australia

German discounter Aldi has unveiled four new upmarket store layouts in Australia. The experimental stores, located in four different Australia...

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Woolworths Slumps as Sales Grow at Slowest Pace in Three Years