Rapid growth for Masters a highlight in Woolworths' quarterly results
Woolworths is going strong in the home improvement sector, with Masters seeing sales growth of almost 40 per cent this quarter. Woolworths' quarterly results also showed positive growth for Big W, despite difficulties in Home Entertainment.
Thu 11/04/2013 12:00:00 / Read More »Woolworths finally discusses its Big W product recall problem
Big W has the worst product recall record of any supplier in any industry in Australia. Eight Abode small appliances have been recalled since May 2011. In every case the defect could lead to a user suffering physical harm.
Mon 08/04/2013 12:00:00 / Read More »5 things Leading Appliances must do from Day 1
The new Leading Appliances group will officially come into being on Monday 1 April 2013 (Easter Monday). Here are five things they need to do be successful.
Tue 26/03/2013 12:00:00 / Read More »Retail brand rankings show a steep drop at Harvey Norman
International brand management agency Interbrand has announced its rankings of the top retail brands in Australia, with Woolworths topping the list for the second year in a row, and Harvey Norman falling considerably since last year.
Fri 22/03/2013 12:00:00 / Read More »Big W's shame continues: two 'shocking' Abode toasters recalled
Big W has this morning enacted another recall on products in its Abode range - its seventh in two years - this time on two toaster models sold nationally through its stores.
Thu 21/02/2013 12:00:00 / Read More »Aldi's expansion to the west puts electrical retailers on notice
Aldi is looking to expand its Australian store network, with the retailer set to invest $2.5b for new facilities in South Australia and Western Australia. With a strong offering of low-price appliances, electrical retailers may see increased competition.
Wed 13/02/2013 12:00:00 / Read More »Top 10 Biggest Appliance Stories of 2012
There were plenty of big stories in the world of appliances this year, with administrations, takeovers and recalls as well as plenty of exciting launches to bring life into the industry - including a few totally new products.
Thu 20/12/2012 12:00:00 / Read More »Top 10 Biggest Retail Stories of 2012
Current.com.au will be taking a look back at the most read stories across our major subjects this week. Our first category is Retail News, which was dominated by one particular group.
Mon 17/12/2012 12:00:00 / Read More »Abode recall shame continues with sixth recall in two years: Convection Oven
Woolworths has instituted yet another recall on its Abode house brand - its sixth in two years - after learning that a convection oven sold through its Big W stores "may ignite and catch fire".
Thu 13/12/2012 12:00:00 / Read More »Masters opens new Sydney store, with a familiar Retravision face
Masters has opened its 24th Australian store in Chullora, Sydney, boasting an appliance section fitted out with a large range of appliances and model kitchens. The new department is also being headed up by a familiar face from Retravision.
Fri 09/11/2012 12:00:00 / Read More »Woolworths releases final disappointing Dick Smith sales results
Woolworths Limited has released its sales for the first quarter of the new financial year with Masters and Big W faring well. But for Dick Smith's last stretch with its former owner, sales were down.
Thu 18/10/2012 12:00:00 / Read More »Woolworths' hopes of Mastering Ballarat blocked by ACCC
The ongoing difficulty of Woolworths to establish its Masters big box hardware and appliance warehouses in Australia took another turn today when the ACCC confirmed it would oppose its acquisition of a existing competitor in Ballarat.
Thu 04/10/2012 12:00:00 / Read More »Dick Smith needs to improve house brand quality as it increases sales
The new CEO of Dick Smith has confirmed that it will persist with its aggressive house brand strategy. If that's the case, the focus needs to be on sourcing better products that those of the previous owner.
Wed 03/10/2012 12:00:00 / Read More »Masters finally unveils second Sydney store location: Chullora
Woolworths home improvement chain Masters will be opening new warehouses along the Eastern Seaboard over the next few months, including a new store in Sydney, where it has struggled to find suitable locations.
Tue 02/10/2012 12:00:00 / Read More »Anchorage appoints retail veteran as Dick Smith CEO, announces new board
Having completed the purchase of Dick Smith Electronics from Woolworths, Anchorage Capital Partners has this morning announced the leadership team that will take over the running of the retailer's head office.
Thu 27/09/2012 12:00:00 / Read More »Woolworths exits specialty consumer electronics retail in 3 countries
After announcing the sale of Dick Smith, Woolworths has confirmed its complete exit from the "specialty consumer electronics" category in Australia, New Zealand and India, with its divestment in India pulling in $35 million.
Thu 27/09/2012 12:00:00 / Read More »Woolworths sells Dick Smith Electronics for $20 million cash
After 8 months looking for a buyer, the publicly listed Woolworths Limited has sold its Dick Smith business for an initial payment of $20 million, which could increase over time.
Thu 27/09/2012 12:00:00 / Read More »Open Letter to Woolworths CEO regarding your appalling recalls record
In light of Woolworths today issuing its FIFTH product recall notice this year on its Abode brand, we demand the CEO takes action to protect its consumers from serious injury.
Fri 10/08/2012 12:00:00 / Read More »Debra Singh resigns as MD of Dick Smith
The managing director of the embattled Dick Smith retail chain, Debra Singh, has announced her resignation following 11 years at the company. The announcement comes amid reports that the sale of Dick Smith will be soon finalised.
Wed 01/08/2012 12:00:00 / Read More »Dick Smith again recalls overheating, fire hazard DVD player
Dick Smith Electronics, a Woolworths Limited company, has issued a recall on its home brand 9" Portable DVD/Media Player.
Tue 31/07/2012 12:00:00 / Read More »Masters has a cracker as Woolworths releases yearly sales results
Woolworths Limited released its yearly sales results today, posting a 4.7 per cent increase in sales across the group. While Big W only climbed by 0.5 per cent, Masters saw an increase in sales of almost 25 per cent.
Mon 23/07/2012 12:00:00 / Read More »Just like Costco, Masters stays on-brand with talk of "competition"
Following the opening of Masters' new store in Canberra this week, the company's COO has spoken positively about its offering, but would not be drawn on comments made by her competitors at Costco regarding pricing.
Fri 20/07/2012 12:00:00 / Read More »Costco looks forward to healthy competition with Masters
The head of Costco Australia has welcomed the opening of a Masters store around the corner from Costco in Canberra, saying it will be good for competition and consumers. But, he said, Costco's prices are "better and sharper".
Fri 20/07/2012 12:00:00 / Read More »Masters takes on Costco in Canberra
Woolworths' dedicated home improvement retailer Masters has opened a new shopfront in Canberra's Majura Park shopping precinct, almost a year to the day after Costco opened its doors around the corner.
Wed 18/07/2012 12:00:00 / Read More »Home is where the recall is at Woolworths
UnderCurrent has some advice for Woolworths, which has been forced into its fourth recall for the Abode brand in just over 12 months.
Thu 12/07/2012 12:00:00 / Read More »Dick Smith GM says Woolworths' divestment of stores is progressing
In a brief conversation with Current.com.au this morning, Dick Smith Electronics general manager Debra Singh said that Woolworths had not yet sold the Dick Smith business.
Fri 06/07/2012 12:00:00 / Read More »Masters takes hardware and appliance shopping online
After forecasting the arrival of a "transactional website" in April this year, Masters has quietly launched a new online shopping option on its website.
Fri 29/06/2012 12:00:00 / Read More »Big W joins Myer in dropping United Warranties
Following news yesterday that Myer had ceased selling warranties due to issues with its provider, United Warranties, Big W has confirmed to Current.com.au that it has also ditched the embattled warranty company.
Fri 15/06/2012 12:00:00 / Read More »Myer suspends warranty sales as United Warranties flails
The future of United Warranties is in doubt, with major retail and supply partners withdrawing their support for the warranty provider. One such brand is Myer, which has been forced to cease sales of warranties altogether.
Thu 14/06/2012 12:00:00 / Read More »Dick Smith using sales to move stock at closing Sydney stores
Woolworths has started closing Dick Smith stores in Sydney as it progresses with its restructuring of the consumer electronics retailer.
Mon 07/05/2012 12:00:00 / Read More »The future of Dick Smith: Exclusive Interview (Part 2)
Yesterday, Current presented an exclusive interview with Dick Smith regarding the future of the company and the current state of the retail industry. Today, we present part two of this special Q&A.
Fri 04/05/2012 12:00:00 / Read More »The future of Dick Smith: Exclusive Interview (Part 1)
Earlier this year, Woolworths announced its plans to sell Dick Smith. 3 months later, there are no confirmed buyers and questions still remain: How can Dick Smith survive the current retail downturn and what does the future hold?
Thu 03/05/2012 12:00:00 / Read More »Harvey Norman the source of discounting that led to JB's slide: RBS report
Following JB Hi-Fi's profit downgrade last week, a leading industry analyst has said that the company's weaker than expected profit forecasts were the result of market-wide discounting, led by Harvey Norman.
Mon 30/04/2012 12:00:00 / Read More »Exclusive: Insight into Big W's new store layout and CE strategy
When Big W opened the doors on its new Canberra store last month, the brand took the opportunity to show off a new store format. We take a look at what Big W is offering its average "mum with kids" customer on the retail floor.
Mon 23/04/2012 12:00:00 / Read More »Masters sales up 30%, online sales coming soon
Woolworths has released its third quarter sales results, with Masters reporting a sales jump of almost 30% and a website in the works. While Dick Smith posted a slight decrease in sales, the retailer was largely ignored in the results report.
Mon 23/04/2012 12:00:00 / Read More »Our five biggest stories from our biggest ever month
March 2012 was a record month for Current.com.au, with our highest ever number of unique views and page visits. From here on, at the start of each month, we'll look back on what the most read stories were from the previous month.
Wed 04/04/2012 12:00:00 / Read More »How Apple and the major retailers have responded to ACCC iPad 4G demands
It's been one week since Apple promised to provide notification on its website as to the lack of 4Gness of its new iPad. Apple has delivered, updating its website to include the prescribed text, as have several of its authorised resellers.
Tue 03/04/2012 12:00:00 / Read More »In defence of 'price gouging'
COMMENT: Consumers are wrong to accuse suppliers of price gouging while Government MPs should stop adding to retailers' woes and start acting to help them through the economic downturn.
Fri 23/03/2012 12:00:00 / Read More »Woolworths & Big W fan heater recall
Woolworths has announced a recall of a 2000-watt Oscillating Fan Heater sold under the Home Collection brand at Woolworths, and under the Abode brand at Big W.
Wed 14/03/2012 12:00:00 / Read More »Masters to go online with appliances in coming months
Woolworths has given Current more details on its online plans for Masters, which form part of a larger "multi-option retail" strategy, saying "customers who shop both online and in store are amongst our most valuable customers".
Thu 08/03/2012 12:00:00 / Read More »Woolworths muscles in to purchase Masters.com.au domain name
It took repeated offers from Woolworths to purchase the Masters.com.au domain name from the small Sydney business that used to own it.
Thu 08/03/2012 12:00:00 / Read More »Dick Smith fell, but how the mighty Masters has risen for Woolworths
Despite issuing grim sales figures for its failed Dick Smith electronics brand, Woolworths has found success elsewhere, reporting stellar sales for its home improvement/appliance retail offering, Masters. And there are plans to go online too...
Fri 02/03/2012 12:00:00 / Read More »Why Woolies is selling: Dick Smith stores pull in just $189 a day
Woolworths released its half-yearly sales results today, with grim profit figures from Dick Smith providing clues as to why the embattled retailer is up for sale.
Thu 01/03/2012 12:00:00 / Read More »Masters, Big W & Dick Smith take on Costco in Canberra's Majura Park
Costco is set to go up against new large-format Masters, Big W and Dick Smith stores over the coming months, as Woolworths expands its presence in Canberra's Majura Park retail precinct. Current takes a look at the new contenders.
Tue 07/02/2012 12:00:00 / Read More »Bunnings sales are up, but Masters is seeing bigger growth
The Bunnings hardware chain saw a 6.8% increase in sales over the last six months, but the retailer was outstripped by its biggest competitor, Masters, which posted a 16.4% jump in sales figures over the same period.
Thu 02/02/2012 12:00:00 / Read More »Woolworths to sell off Dick Smith & close up to 100 stores
Following a formal strategic review, Woolworths has announced it will be selling off the ailing Dick Smith chain. Big W will be Woolworths' new focus for CE, while 100 "underperforming" Dick Smith stores face the chop.
Tue 31/01/2012 12:00:00 / Read More »Dick Smith announces resilient sales while Masters powers on
The Australian-based Dick Smith Electronics has recorded solid sales for the first six months of the 2012 financial year, while the Masters rollout will continue throughout the upcoming calendar year.
Tue 31/01/2012 12:00:00 / Read More »Ultrabooks, Dick Smith and JB Now - Five Minutes with JB Hi-Fi CEO
Back in the office after his Christmas break, JB Hi-Fi CEO Terry Smart has answered some quickfire questions on CES, JB's share price, the year ahead and persistent rumours linking the company with mergers and acquisitions.
Wed 25/01/2012 12:00:00 / Read More »Woolworths could cut Dick Smith store numbers in half: analysts
With Woolworths Limited conducting a formal review of Dick Smith, industry analysts have predicted that almost half of the embattled retailer's stores could be closed, and that the chain could be viewed as "up for sale".
Tue 24/01/2012 12:00:00 / Read More »Woolworths breaks into daily deals with Door Buster website
Woolworths Limited - owner of Dick Smith, Big W and Masters retail chains - has launched a new 'deal-of-the-day' style online store, offering discounted consumer electronics, appliances and FMCGs.
Wed 11/01/2012 12:00:00 / Read More »Masters set to tread the boards in NSW with new store opening
To add to the five stores it has across Victoria and Queensland, Masters will open a new warehouse in Narellan next week, with Barry O'Farrell himself set to officiate the opening.
Fri 02/12/2011 12:00:00 / Read More »Masters explodes out of the blocks but Dick Smith under formal review
Sales in Woolworths' five new Masters stores are "well ahead of budget", according to Woolworths Limited CEO Grant O'Brien, who outlined the reasons for placing Dick Smith under strategic review.
Wed 02/11/2011 12:00:00 / Read More »"We have to work harder for every dollar" - Dick Smith quarterly sales down
Woolworths Limited released its quarterly sales results today, with the company posting losses for its consumer electronics divisions in Australia and New Zealand.
Thu 27/10/2011 12:00:00 / Read More »Big W Abode Multi-Functional Blender recall
Woolworths Limited has issued a recall of its Abode Multi-Functional Blender, sold in Big W stores, due to risks posed by the appliance's rubber seal.
Wed 12/10/2011 12:00:00 / Read More »Woolworths opening four new Masters, or 'McMasters', in Queensland
Masters has today announced opening dates for four new Queensland stores as it ramps up its ambitious big box store rollout. Two of these stores contain in-house McDonald's restaurants.
Wed 05/10/2011 12:00:00 / Read More »Online must be part of your core business strategy: Dick Smith GM
Following a successful night at the Online Retail Industry Awards, where the company was named Best Multichannel Retailer, Dick Smith GM Debra Singh talks about the company's successes in the online world.
Thu 29/09/2011 12:00:00 / Read More »Masters roll-out already a success and Woolworths strengthens hardware offer
Woolworths will spend up to $100 million rolling out its Masters big box outlets during the 2012 financial year, with the MD saying the first store is already a "resounding success".
Tue 27/09/2011 12:00:00 / Read More »Laptops & tablets "growing strongly": Dick Smith results
Woolworths Limited, parent company of Dick Smith, has released its annual report for the 2010-11 financial year, with CEO Michael Luscombe saying the company experienced strong results despite tough retail conditions.
Mon 26/09/2011 12:00:00 / Read More »Bosch talks up Masters appliance offering
One of Masters' launch appliance brands is Bosch. We asked the German supplier why it has chosen to go partner with Woolworths' ambition hardware retail venture. Also, we list all the appliance brands currently being sold in the new store.
Wed 07/09/2011 12:00:00 / Read More »Masters Home Improvement to have "integrated" online offering
The Masters Home Improvement chain is coming to Australia, and with it will come a dedicated online sales portal that will be integrated with the bricks and mortar offering.
Fri 19/08/2011 12:00:00 / Read More »Masters of the house - home improvement retailer boasts appliance offering
Australia's newest home improvement retailer Masters will open its first store in the Melbourne suburb of Braybrook next month, with a product offering that will include appliances.
Thu 18/08/2011 12:00:00 / Read More »Whitegoods margins at risk of erosion similar to flat panel TVs
One of Australia's leading research groups has predicted that the whitegoods category may soon experience pricing pressure, as new players join the fold and drive down margins.
Fri 12/08/2011 12:00:00 / Read More »UPDATE: Kindle e-reader exclusive to Dick Smith, Big W for Christmas
For light travellers and book fanatics alike, Dick Smith and Big W are set to be the first Australian retailers to sell the Amazon Kindle e-reader in online and bricks and mortar stores.
Thu 11/08/2011 12:00:00 / Read More »Masters Home Improvement set to neighbour with Costco Canberra
Woolworths' new hardware retail chain, known as Masters Home Improvement, will be playing neighbours with Costco Canberra when it opens next year. The store is also set to offer appliances in amongst the hardware aisles.
Wed 03/08/2011 12:00:00 / Read More »Dick Smith rebranding helps to boost sales
Woolworths Limited, parent company of the consumer electronics retailer Dick Smith, announced its fourth quarter sales results yesterday, reporting a 2.1 per cent increase in its CE sales in Australia.
Thu 21/07/2011 12:00:00 / Read More »F&P, Dyson, Nokia and Sony most trusted brands by category
Fisher & Paykel, Dyson, Nokia and Sony are the most trusted brands in their categories, according to research conducted by McCrindle Research set to be published by Reader's Digest.
Wed 20/07/2011 12:00:00 / Read More »Dick Smith and Big W set to open next to Canberra Costco
Retail giant Woolworths Limited yesterday announced that it plans to open a new Dick Smith retail shopfront near Canberra Airport - right next to the site of Costco's new Canberra warehouse store.
Tue 28/06/2011 12:00:00 / Read More »The new Goliath - why there is room for Costco in the Australian retail market
With the arrival of Costco on Australian shores in 2009 and the scheduled roll-out of more stores in July of this year, Current.com.au asks whether we really have room for another giant.
Thu 26/05/2011 12:00:00 / Read More »Big W heater recalled due to smoke, fumes and fire risk
A Woolworths house brand heater sold through Big W stores has been recalled due to its potential fire risk.
Wed 25/05/2011 12:00:00 / Read More »Sex scandal hurting DJs' reputation, Optus best telco: brand rankings
David Jones reputation has taken a big hit in the 12 months since its CEO was forced to resign in disgrace. Meanwhile, JB Hi-Fi, The Good Guys and Harvey Norman are flying. Plus, the battle of the telcos.
Mon 18/04/2011 12:00:00 / Read More »Dick Smith catalogue contract extended, includes Lasoo.com
Catalogue distribution services for Dick Smith Electronics will continue under an extended agreement between Woolworths and catalogue provider Salmat.
Wed 06/04/2011 12:00:00 / Read More »LG joins Telstra in the cheap Android smartphone race
Joining Telstra in the cheap smartphone race today is LG. The Korean supplier has announced the Optimus Me, a candybar Android model aimed squarely at the entry level.
Wed 30/03/2011 12:00:00 / Read More »Breville appoints new food prep specialist
Breville's latest employee will be charged with the brand's new product development programme working across product input, testing, online content and marketing.
Tue 08/03/2011 12:00:00 / Read More »Bosch and Omo's $55,000 premium laundry appliance promotion
Woolworths and Safeway customers who purchase the new Omo Ultimate laundry detergent will be in to win one of four Bosch top to the line laundry packages valued at $14,000 each.
Fri 04/03/2011 12:00:00 / Read More »Old format stores dragging the chain as Dick Smith races to upgrade
Woolworths is racing to reposition its entire Dick Smith chain of stores with the new format, with sales results showing a marked increase in sales in the Techxperts stores compared to older format stores.
Fri 25/02/2011 12:00:00 / Read More »New format stores and discounting a winner for Dick Smith
Woolworths Limited, parent company of Dick Smith Electronics, has revealed its half year sales results, crediting the new format stores for encouraging figures in the consumer electronics category in Australia.
Mon 24/01/2011 12:00:00 / Read More »Will big box superstores squeeze out retailers?
Woolworths' 2011 venture into the homeware and hardware sector and Costco's slow to start but tenacious Australian operation could signal even tougher times ahead for traditional retail, according to a report by IbisWorld.
Tue 11/01/2011 12:00:00 / Read More »Listed retailer wrap: Every Thorn has a rose
On the back of a solid profit announcement and the news that it is offloading its BigBrownBox online retail website, Thorn Group has had the best week amongst the seven major listed retailers.
Fri 26/11/2010 12:00:00 / Read More »Listed retailer wrap: DJs wins the week
Every Friday, Current.com.au will produce an update on how the seven major listed retailers performed across the week. It's a stable week to kick things off, with DJs the best of a steady lot.
Fri 19/11/2010 12:00:00 / Read More »Dick Smith reveals weak growth
Dick Smith and Big W parent company, Woolworths, has revealed anaemic consumer electronic sales for Q1 in Australia, requiring its investment in India to bump up the average sales growth to 4.1 per cent.
Wed 20/10/2010 12:00:00 / Read More »Dick Smith sales steady as India proves profitable
Total consumer electronics sales have grown by 3.4 per cent over the previous year for the Woolworths Group, according to the Q4 Sales Results released today.
Wed 21/07/2010 12:00:00 / Read More »Woolworths board member resigns
Woolworths has announced the resignation of non-executive director Alison Watkins, who is leaving to take up the role of chief executive officer at GrainCorp.
Wed 02/06/2010 12:00:00 / Read More »Dick Smith saves Woolworths from even sharper falls in electronics sales
The new format Dick Smith stores have provided Woolworths with a lone highlight in an otherwise disappointing quarter for consumer electronics sales.
Fri 30/04/2010 12:00:00 / Read More »Woolworths snubs Visa and MasterCard for debit card transactions
Woolworths Limited will no longer use MasterCard and Visa networks to process debit card payments. All future transactions will now go through the Australian EFTPOS network across its entire network of stores including Big W and Dick Smith.
Thu 01/04/2010 12:00:00 / Read More »Woolworths expands Everyday Mobile offering
In August 2009, Woolworths launched Everyday Mobile with the aim of offering consumers a cheap and easy to understand prepaid mobile option. Due to its popularity with consumers, the company has expanded its service with a new plan.
Tue 16/03/2010 12:00:00 / Read More »Over $1 billion in net profit for Woolworths
Woolworths Limited has posted a net profit after tax of $1.095 billion for the 27 weeks ending 3 January 2010. This represents an 11.4 per cent increase compared to the previous period.
Mon 01/03/2010 12:00:00 / Read More »Woolworths fire bomber charged
NT Police announced late last week that it has officially charged the 45-year-old man that caused the explosion at a Woolworths shopping centre in Darwin last week.
Mon 08/02/2010 12:00:00 / Read More »Firebomb attack at Darwin Woolworths injures 15
A 44-year-old man has been arrested after he caused an explosion in a Woolworths shopping complex in Darwin yesterday. According to the police reports, 15 people were injured in the attack.
Thu 04/02/2010 12:00:00 / Read More »H1 sales up 6% at Woolworths
According to its first half year sales results, Woolworths Limited witnessed a 6 per cent increase to $27.2 billion for the 27 weeks to 3 January 2010. Sales across Woolworths, Big W and Dick Smith stores all showed signs of growth for the period.
Wed 27/01/2010 12:00:00 / Read More »New branding and India working well for Dick Smith
The stellar results announced today for Dick Smith is an unoffocial tick of approval to those undertaking the refresh of this retailer. Also, the incredible growth of its Indian operations is in stark contrast to Harvey Norman's Irish troubles.
Wed 27/01/2010 12:00:00 / Read More »Shocking hairdryer recalled
A hair dryer sold through Woolworths and Safeway stores has been recalled amid fears the unit poses a risk of fire and electric shocks.
Mon 04/01/2010 12:00:00 / Read More »Woolworths gains from frugal customers
At the Woolworths Limited Annual General Meeting, CEO Michael Luscombe has outlined the strong performance of the entire company's retail stores and how they have taken advantage of the economic downturn.
Fri 27/11/2009 12:00:00 / Read More »ACCC gives Woolworths hardware acquisition the green light
It looks like Woolworths will soon be a part of the hardware sector, after the Australian Competition and Consumer Commission gave the retailer the green light in its proposed takeover of Danks Holdings Limited.
Thu 12/11/2009 12:00:00 / Read More »Woolworths to create 15,000 jobs with new hardware venture
Woolworths Limited has just announced its first store location for the new hardware joint venture with Lowe's. The company is expecting to create up to 15,000 direct and indirect jobs throughout Victoria.
Wed 16/09/2009 12:00:00 / Read More »CEO appointed at new Woolies hardware joint venture
The chief executive officer of the new Woolworths/Lowe's home improvement joint venture has just been announced, with the former president of Lowe's Canada coming on board.
Fri 11/09/2009 12:00:00 / Read More »Three consecutive years of double digit growth for Big W
Big W was a dominant player in Woolworths' latest financial results, recording its third straight year of double digit growth in revenue and earnings. Dick Smith and the Consumer Electronics market also had positive reports.
Thu 27/08/2009 12:00:00 / Read More »Woolworths soars with just under $50 billion in sales
Woolworths has released its final profit report for the 52 weeks ending 28 June 2009; the results show that the company is continuing its dominance across the retail market with a net profit after tax of over $1.83 billion and sales just under $50 billion
Thu 27/08/2009 12:00:00 / Read More »Bunnings is not afraid of a little competition
Yesterday it was revealed that Woolworths will be entering the Hardware sector after acquiring Danks Holdings. But Bunnings is not fazed by its new competitor, claiming the company relishes the opportunity to compete with a new entrant in the market.
Wed 26/08/2009 12:00:00 / Read More »Woolworths enters the hardware sector
Woolworths revealed that it will be entering the $24 billion a year hardware industry after a proposed takeover of Danks Holding Limited, Australia's second largest hardware distributor. It also hinted at the development of a new destination store.
Tue 25/08/2009 12:00:00 / Read More »Woolworths enters the telco arena
Woolworths Limited has just announced that it has joined forces with Optus to launch Woolworths Everyday Mobile, a new prepaid mobile service to offer consumers a simple and low-cost prepaid mobile phone service.
Mon 03/08/2009 12:00:00 / Read More »First Aussie Costco outlet sets opening date
Costco has finally confirmed the date of its first Australian store opening, with 17 August 2009 slated as the day the store will begin trading at Waterfront City, Melbourne Docklands.
Thu 23/07/2009 12:00:00 / Read More »Woolworths and Big W continue to dominate in downturn
Woolworths released its FY09 results yesterday and as reported by Current.com.au, Dick Smith and the CE sector performed very strongly. In addition to this the supermarket division and Big W also witnessed exceptional growth in these tough times.
Thu 23/07/2009 12:00:00 / Read More »Woolworths records sales of $12.3 billion over third quarter
Woolworths has just revealed its third quarter sales figures for the 13 weeks to 5 April 2009, recording an impressive $12.3 billion, Big W and Dick Smith also recorded exceptional results.
Fri 17/04/2009 12:00:00 / Read More »Woolworths powering on with increased expansion and employment
Woolworths Limited has released its half yearly results and has performed exceptionally well in terms of sales and profit, but it also created thousands of new jobs and launched new stores and initiatives.
Fri 27/02/2009 12:00:00 / Read More »Woolworths rise to the top when everyone else falls
Woolworths Limited today released their half yearly sales report up until 4 January 2009, and surprisingly it has performed exceptionally well in the economic downturn that has been ruthlessly closing stores and axing jobs in the retail world.
Wed 28/01/2009 12:00:00 / Read More »JB Hi-Fi chief speaks out on proposed Woolies takeover
JB Hi-Fi chief executive Richard Uechtritz has spoken about reports in today's Financial Review that Woolworths was planning on buying the electrical retailer.
Fri 15/08/2008 12:00:00 / Read More »
