Woolworths: Australia's Premier Retailer

New South Wales, Victoria and Queensland are the regions contributing over 75% of the 18.9 billion industry revenue. Westfarmers (Target and Kmart) and Woolworths (BigW) are the two largest companies competing on low-cost strategies (Porter, 1980). Myers and David Jones, holding 15.3% and 10.5% market shares respectively (Figure 1), compete on differentiated strategies targeting the upper consumer market (Porter, 1980). Over 10% of the total working population are employed in this industry (Productivity Commission, 2011).

In 2014, Woolworths released a report ‘Trolley Trends’ which identified a variety of socio-economic factors that they will need to adjust to both now and in the future. The report found that today’s shopper who shops multiple times a week and is focused on having fresh and healthy produce

Woolworths is an Australian corporate organization, which was established in 1924 in Sydney. The firm’s main goal is to provide the best possible quality, value, range, and convenience to its customers, while upholding the interests of all the stakeholders. The organization has in excess of 3,000 outlets both in New Zealand and Australia. It focuses on the sale of petroleum products, food, general merchandise, liquor, as well home and hotel development services. The firm employs over 198,000 people in both countries. In addition, it is a dedicated commercial partner to many manufacturers, producers, and local farmers. The firm is committed to the implementation of the triple bottom line strategy with the focus on environmental, social, and corporate interests (Macey, 2011). Woolworths has been on the front line in upholding shareholder engagement in the organization’s decision making processes, as well as adopting strategies that enhance employees’ satisfaction and motivation (Blecker, Huang, and Bajic, 2008).

The Australian Supermarket Industry is the very hot topic that’s why very interesting topic now days. The Australian supermarket and grocery stores have a very severe competition in Australia mainly because of organizations competing in this mature industry are going towards cost reduction initiatives with competing advantage rather than product differentiation strategies, In other words business in this industry increase market share by charging lower prices while making reasonably fair profit. The growing popularity of ALDI – German based company of introducing its own label goods (products manufactured and sold under the retailers own brand) with low cost has forced the two giants –Woolworths and Coles to cut price

Grocery stores and supermarkets are one of the industries in Australia which have the most fiercely competition. The rapid growth of these supermarkets and increasing in popularity among the people is because of its discount on private label products. One of these supermarkets is Woolsworth. It was established back in 1942. First store opening was in Sydney’s Imperial Arcade. Woolworths was founded by Stanley Edward Chatterton, Harold Percival Christmas, Ernest Robert Williams, George William Percival Creed and Cecil Scott Waine. This is Australia’s largest food chain with stores up to 992 operating all across Australia. This chain consists of 205,000 team members in total. This supermarket claims to be a handy place where all

Maslow’s theory relates motivation to a hierarchy of needs. At the bottom are essential physiological needs such as air, food, shelter and clothing. As individuals satisfy one level of need, their motivations

Business has revolutionized in the United States, and it has proved to be more productive. In the 1700’s, many families grew their food and sewed their clothing. According to our book, farmers have dropped tremendously from 33 percent to less than 2 percent in the United States. The decrease in farmers is due to the advances in farming and is not a bad thing. A very productive crop was grains and oilseeds from 2002 to 2007. When the farmers lost their job, they went to manufacturing. However, due to the advances in manufacturing once again farmers were trying to find other jobs yet again. Some companies have moved overseas, so they could pay the employees less so they could make more. Insourcing is a prevalent method for

Although Walmart’s success came about through successful mastery of grocery retail, it now regards its primary competition to come from “other discount retailers and department stores” (Walmart 2014 Annual Report, 2014). As a retailer of

The price of livestock in the UK has dropped in the last few years and in cash terms to the customer has fallen even more. There are barriers to entry in this market. Over the years over 650 new grocery stores have opened nationwide, ranging in size from 3,000 square feet to over 25,000 square feet. Retailers have created no barriers to entry for new competitors who continue to fight for market share with the more established retail-ers. There have been five major new companies which have entered the UK market in the last fifteen years. These include Walmart, the world’s largest retailer and Aldi the 6th largest retail-er in Europe”. The social factors are sophisticated shopping patterns of UK consumers in-crease market competitiveness. Supermarket shopping voted number 1 favourite family Sun-day past time. There has also been a change in consumer taste, a desired want for organic products and a ban of GM food. Technology is constantly improving, this improves shopping for consumers and makes shopping quicker. Advances include personal shopping with trolley guns. There has been high investment in tills for

Woolworths Group plc began trading as a listed company on the London Stock Exchange on 28th of August 2001. In a highly competitive UK market, which proved a tough trading environment, Group’s sales were up by 4.5 per cent to £2.7 billion. The share price closed down approximately at 30.2p(appendix1) The markets focus more on like-for-like sales growth of just 1.2 per cent, where as analysts forecast had ranged from 1.0 per cent to 2.8 percent? Woolworths has been cutting costs, improving stock management and focusing on making the firm “famous for kids and celebration” to turn around years of underperformance. In the six weeks period to 11 January 2003, like-for-like sales at Woolworths high street stores rose 1.5 per cent, where as sales at out-of-town big “W” stores, reported by some analysts, rose 6.2 per cent. Total Groups for the six-week periods grew 5.8 per cent. (The Scotsman, Fri 16 Feb 2003)

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The supermarket group business has become one of the major players in Britain’s economy. According to Butler and wood; 2014{1}, this market has four major players of which consist of Tesco, ASDA, Sainsbury and Morrison supermarket group. For the purpose of this paper, the supermarket that would be analysed would be Morrison; however, the other supermarket might be mentioned for explanation and comparison if relevant.

Same sex households are now acceptable in human society. There were fewer controversies on it compared to the issues years ago. The modernity of the world and the development of the technology might have brought effect on it. According to a census report from America, the percentage of same – sex households are scattered at New York, San Francisco and Los Angeles whereas the highest fraction goes to Asian-Asian partners and Asian-Black partners ranked the lowest.

Companies with a sales turnover of less than RM100,000 and companies with Licensed Manufacturing Warehouse(LMW) status are exempted from this licensing requirement . A service tax applies to certain prescribed goods

Astion Bhd. has a well financial control by they have prepare a huge amount of retain earning for future use. The company is not facing any financial problem in this moment. So we suggest some way for generating fund when this company running project which is over the amount of company retains earning. Those ways can different into 2 categories which are short term sources of finance and long term sources of finance.