A federal court judge has cleared Woolworths of unlawfully seeking payments from suppliers to boost its bottom line, dismissing a case brought by the competition watchdog.
Food and grocery wholesaler Metcash's earnings have taken a hit from intense price competition and Aldi's expansion into South Australia and Western Australia.
Woolworths bosses have sought to reassure shareholders about the future of its struggling discount department chain, Big W, a week after its newly installed chief executive resigned.
Woolworths shares have slipped after it announced retail expert Sally Macdonald's resignation as Big W chief executive after less than a year in the job.
The competition watchdog has raised concerns about the way Aldi, Coles and Woolworths treat suppliers when dumping products from their supermarket shelves.
Woolworths has completed the sale of its profitable Home Timber and Hardware franchise as part of its $1.5 billion exit from the home improvement sector.
Struggling retailer Woolworths is considering offloading its petrol stations, not long after striking deals to rid itself of its loss-making hardware business.
The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.
Woolworths has pressed on with cutting ties with Masters by replacing its directors on the failed hardware chain's board with staff from insolvency firm KordaMentha.
The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.
Gage Roads Brewing Company will tap the market for $10.1 million to buy back Woolworths' stake in the Palmyra-based brewer, capping off a busy 12 months where it created Australia's best beer while also returning to profitability.
Woolworths has slipped to a $1.23 billion full-year loss after a big decline in earnings from its Australian food and drink business and more than $2.6 billion of write-downs.
Woolworths has announced its exit from the home improvement sector, with all of its Masters stores to close in early December and the properties to be redeveloped by a private consortium, while its Home Timber & Hardware business is to be sold to Metcash.
Woolworths is overhauling its loyalty program less than a year after the unpopular revamp that introduced orange tickets and prompted complaints from customers.
Struggling supermarket giant Woolworths is slashing 500 jobs and will incur a charge of $959 million in its full year results as it continues restructuring its operations.
The competition watchdog has waved through a $9 billion takeover of rail and ports giant Asciano, and approved Metcash's bid for Woolworths' Home Timber and Hardware business.
Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.
Changes to the private label offerings at Woolworths supermarkets are a defensive response to the growing popularity of German discount retailer Aldi, but won't have the impact the retailer hopes it will, according to a Sydney business academic.
Palmyra's Gage Roads Brewing Company will wind back the amount of beer it makes for Woolworths' beverages arm, Pinnacle Liquor Group, to capitalise on its fast-growing range of own-branded craft be
Woolworths' hefty investment in lowering grocery prices has failed to show any sign business is turning around, with the retailer's food and liquor sales declining 0.9 per cent in the third quarter after adjusting for Easter.
PENALTY rates are a common frustration for many retail and hospitality businesses, but it's surprising to find they adversely affect even that most transient of enterprises – the food van.
Ardiden has appointed Bradley Boyle as executive director and Michael Stares as general manager – Canadian operations. Mr Boyle was formerly a managing director of Triton Minerals.
Property syndicator APiL says it only took a matter of days to raise the equity required to buy Ballajura Central shopping centre from Charter Hall REIT.
Retail giant Woolworths has been ordered to pay more than $11 million to a Victorian property developer for breaking a contract for the construction of a Masters hardware store.
Woolworths is abandoning its multi-billion dollar foray into the Australian home improvement market following years of losses, putting 7,000 jobs at risk.
