Woolworths SA: latest retail news, insights and analysis | ESM Magazine

South African Retailers Slump As Woolworths Clothing Sales Drop

South African retail stocks slumped, heading for the lowest in almost seven months, after Woolworths Holdings Ltd. said clothing sales fell, adding to simi...

Woolworths Books $716 Million Cost Amid Job Cuts, Writedowns

Woolworths Ltd. will book a pretax charge of A$959 million ($716 million) to cut jobs, write down assets and close supermarkets as investors brace for the...

Woolworths Changes Private Label Brand To Fend Off Aldi

Woolworths Ltd., Australia’s largest supermarket chain, will scrap its Homebrand private label brand after 33 years in use. The move, according to...

Coles' Private Label Winning Over Australian Consumers

Market-research company Canstar Blue has revealed that the popularity of Coles’ private-label lines is rapidly growing, and that, generally,&nbs...

New Woolworths Boss Greeted With Credit Rating Cut By Moody's

Woolworths Ltd. had its credit rating downgraded by Moody’s Investors Service less than a week after naming a new boss to try to reverse the supermar...

Woolworths Ltd Puts Faith In New CEO Amid First Loss Since 1993

Woolworths Ltd., Australia’s largest supermarket chain, appointed Brad Banducci as its new chief executive officer to turn around the company’s...

Woolworths To Target Higher Earning Australians For Food Growth

Woolworths Holdings Ltd., a South African grocer and clothing retailer, plans to invest in improving the food range at its Australian unit to exploit a lac...

Woolworths, Lowe’s Exit Unprofitable Home Improvements Unit

Woolworths Ltd. and Lowe’s Cos are exiting their unprofitable Australian home-improvements venture after a failed six-year attempt to take on market...