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  • Australian Food and Liquor leadership changes

  • Australian men leave their 'man caves' at risk

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  • Update on Home Improvement Exit

  • Woolworths Group FY18 Third Quarter Results

Australian Food and Liquor leadership changes Woolworths Limited (Woolworths) today announced a number of key leadership appointments within its Food and Liquor divisions. 

Woolworths Chief Executive Officer, Grant O’Brien said: “We have appointed a new leadership team under Brad Banducci as Managing Director, Australian Food and Liquor.   

“Our Liquor business is the undisputed market leader and the best example of innovation in Australian retail, and Brad Banducci and his team have furthered that success.

“Brad will continue to have responsibility for Woolworths Liquor Group until a new appointment has been made.  Martin Smith, General Manager of Dan Murphy’s, will act as Director of the Woolworths Liquor Group to provide additional support to Brad.

“Dave Chambers has been appointed Director, Woolworths Supermarkets, reporting to Brad.  Dave has been the Managing Director of Progressive Enterprises in New Zealand for the last four years.  He is a highly experienced supermarket retailer who has honed his skills in the tough and highly price?sensitive market of New Zealand.

“This change places our best talent to lead our biggest businesses.  Together, Brad and Dave bring the right mix of experience and the ability to create a winning operating culture.   

“Steve Donohue has been appointed Acting Managing Director, Progressive Enterprises until a new appointment has been made.

“These changes follow the resignation of Tjeerd Jegen as Managing Director, Australian Supermarkets and Petrol.  I want to thank Tjeerd for his passion and dedication to Woolworths since he joined in 2011,” Mr O’Brien said.   

Tjeerd Jegen said: “After almost four years in Australia and 15 years away from my home country of the Netherlands, I will be returning to Europe.  I would like to thank the Australian Supermarkets and Petrol team for the last four years and would like to wish Brad and Dave all the best in their new roles."

 

*ENDS*
Editors please note: Please click below for CVs for Brad Banducci and Dave Chambers.
For further information contact:
Media
Claire Kimball, Corporate Communications
+ 61 432 696 650
Investors and Analysts  
David Marr, Chief Financial Officer
+ 61 2 8885 1105

 

Monday, 12 May 2014: Woolworths Insurance has found that men are investing thousands of dollars to transform their sheds and garages into ‘man caves’, yet more than a quarter (27%) don’t have the right insurance to cover their valued possessions.

Woolworths Insurance research has shown that men are keeping thousands of dollars of valuables in their ‘cave’ including fridges, TVs, tools, golf clubs, BBQs and pool tables.

Chris Cramond, Head of Woolworths Insurance said, “Men are investing a significant amount of money in turning their shed or garage into a ‘man cave’. When you add up the cost of a fridge, TV, bicycle, sporting equipment and golf clubs you might be surprised at how much what’s in your man cave is worth.

“Depending on your insurance policy items stored in man caves may not be covered in your existing home and contents insurance. Make sure you declare all the items that need to be covered in and outside of the home, to ensure you have the right amount of cover,” he said.

The research also found that nearly one fifth (17%) of those surveyed admitted they don’t secure their man cave.

“Remember, even with the right home and contents insurance it is important you lock up the man cave so that your insurance remains valid,” Mr Cramond said.

While 86 per cent of men surveyed agree it’s necessary to have home contents insurance to protect their man cave, 23 per cent “haven’t got around” to taking it out and 17 per cent think they’re unlikely to need it. Nearly a quarter (23%) think they don’t own anything valuable enough.

The top ten items found in the modern man cave are;

1. A lawn mower – 73%
2. Gardening equipment – 73%
3. Tools – 70%
4. Bicycle – 56%
5. Golf Clubs – 34%
6. A fridge – 29%
7. A BBQ – 19%
8. TV or stereo – 13%
9. Snowboard/skis/surfboard – 10%
10. Pool/snooker/table tennis table – 7%

# ENDS #

For further information please contact Fuel Communications:
Fuel Communications
Tel: +61 (02) 8217 6500
Email: Woolworths@fuelcommunications.com.au

Notes to editor
This study was conducted on the Galaxy omnibus on Tuesday 3 December to Monday 9 December, 2013 of 1,010 Australians aged 18 years and older.
About Woolworths Home Insurance
Woolworths Home Insurance was launched in 2012. Woolworths Home Insurance Cover is issued by The Hollard Insurance Company Pty Ltd ABN 78 090 584 473 AFSL 241436 (Hollard). Woolworths Limited AR 245476 (Woolworths) acts as Hollard’s Authorised Representative.  The Woolworths Home Insurance PDS is available at www.woolworths.com.au/insurance  or by calling 1300 10 1234.

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Friday, 21st April 2017: Woolworths Limited (Woolworths) notes that an award has now been made in the confidential arbitration between Woolworths and Lowe’s in relation to their home improvement joint venture.

As a result, Lowe’s is now required to sell its shares in the joint venture company, Hydrox Holdings Pty Ltd, for a value determined by a third-party independent expert as at 18 January 2016, within the range of the valid independent expert’s interim valuations previously obtained by each of Woolworths and Lowe’s.

As a consequence of today’s award, Woolworths will be able to conclude the proposed transaction with Home Consortium without the consent of Lowe’s, once the final valuation and share transfer processes have taken place.


ENDS

2 May 2018

THIRD QUARTER SALES RESULTS – FINANCIAL YEAR 2018
13 WEEKS TO 1 APRIL 2018


Continued focus on customer experience driving solid sales growth

 

$ MILLION

2018
(13 weeks)

2017
(13 weeks)

change

Easter-Adj Change 

COMP Growth

Easter-Adj COMP GROWTH

 

 

 

 

 

 

 

Australian Food

9,571

9,144

4.7%

4.2%

4.4%

4.0%

Endeavour Drinks

2,004

1,875

6.9%

4.3%

6.1%

3.3%

New Zealand Food (AUD)

1,509

1,482

1.9%

2.2%

 

 

New Zealand Food (NZD)

1,633

1,579

3.4%

3.7%

3.5%

3.8%

BIG W

770

747

3.2%

(1.3)%

3.3%

(1.2)%

Hotels

390

376

3.3%

4.0%

3.2%

3.9%

Total third quarter sales from continuing op­­erations*

14,244

13,660

4.3%

3.4%

4.4%

3.6%

Discontinued operation – Petrol

1,215

1,218

(0.3)%

0.2%

(1.3)%

(0.8)%

 
PROGRESS AGAINST KEY PRIORITIES
 
  • Australian Food’s Voice of Customer (VOC) scores continuing to improve with both Overall Customer Satisfaction of 81% and store-controllable VOC of 84% up on the prior year 
  • Australian Food comparable sales growth of 4.0% (Easter-adjusted) driven by underlying transaction growth
  • Online sales growth remains robust in Australian Food with two new customer fulfilment centres (CFCs) commissioned during the quarter and ongoing growth of Pick up
  • 1Store (1POS, centralised ticketing, next generation back office software upgrades) due for completion by end of June for Woolworths Supermarkets and BWS
  • BWS and Dan Murphy’s driving solid growth for Endeavour Drinks with Easter-adjusted comparable sales up 3.3%
  • New Zealand Food’s planned investments contributing to a second consecutive quarter of strong comparable sales growth with Easter-adjusted comparable sales up 3.8%
  • BIG W’s turnaround still a work in progress with Easter-adjusted comparable sales declining by 1.2%, impacted by timing of New Year’s Day and school holidays in NSW
  • Comparable sales growth in Hotels across all key categories
  • Petrol sales in line with the prior year

Woolworths Group CEO, Brad Banducci said: “We are pleased with the progress we are continuing to make against our key priorities as we pivot from turnaround to transformation. We remain energised by the number of opportunities we see to continue to improve our business.

“Woolworths Group’s sales performance remained strong in the third quarter of FY18 despite cycling much improved prior year growth. Australian and New Zealand Food’s Easter-adjusted comparable sales increased 4.0% and 3.8% respectively despite the impact from the timing of New Year’s Day. Endeavour Drinks’ Easter-adjusted comparable sales increased by 3.3%.  The BIG W turnaround is still a work in progress with sales declining marginally on an Easter-adjusted basis in the quarter.

“Our focus for the remainder of FY18 is on delivering consistently good shopping experiences across all stores and days of the week, embedding current strategic initiatives including ‘Simpler for Stores’ and continuing to improve our digital experience.”

Click here to view the full results.

 

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