Woolworths on track for FY sales growth
Higher food prices and growing market share have helped Australia's biggest retailer, Woolworths, to deliver better-than-expected third quarter sales.
Inflation boosts supermarket sales
WOOLWORTHS, the nation's biggest retailer, yesterday reported higher-than-expected quarterly sales growth in its supermarket business, boosted by record high food price inflation.
Woolworths set to meet guidance
Woolworths Ltd is set to meet its annual earnings forecasts after yearly sales rose on the back of a strong performance by its supermarkets division.
Woolies reports sales rise
Woolworths expects to meet its annual earnings forecasts after a strong performance by its supermarkets division.
Stocks bounce back
The Australian share market has rebounded, led higher by BHP Billiton and Woolworths.
No mercy - Luscombe keeps piling on...
The Woolworths boss, Michael Luscombe, is racing against the clock.
Costco plans Australia foray to...
Reuters - Costco Wholesale Corp has
gained its first foothold in the Australian market in a bid to
shake up a dominant supermarket duopoly.
Coles growth still trailing Woolies
NEW managers appointed by Wesfarmers to the Coles supermarket chain are yet to turn around its falling market share. First quarter sales grew by less than half the amount of its...
Woolworths profit seen rising 24%
Australia's largest supermarket chain, Woolworths, is likely to report a jump in first-half earnings, but will come under heavy scrutiny as investors worry about slower growth in a tepid economy.
Supermarkets not to blame for food price rises
Investors in the big supermarket chains have little reason to fear Australia's profitable grocery duopoly will suffer from costly regulation as a result of a competition inquiry.
Stocks recover
The Australian share market is still down, but is off earlier lows.
Woolies sales up 10.2%
Woolworths, Australia's largest supermarket chain, says third-quarter sales rises 10.2%, boosted by higher food and petrol prices.
Fresh food people get fresher in revamp
Woolies is revamping perishable-food displays to get shoppers to fill trolleys, writes Vanda Carson.
New Coles boss flags 5-year turnaround
The new head of Wesfarmers's Coles division, Ian McLeod, has pledged to see through a multi-billion dollar plan to revive the ailing giant within five years.
Bid for Origin buoys market as miners...
THE Australian sharemarket closed slightly lower yesterday, led by the major miners after commodity prices slipped.
Coles owner warns of slow start to...
WESFARMERS, the new owner of the Coles Group, has warned shareholders that comparative store sales growth in its biggest business unit will be "rocky" for at least six months...
Stocks close lower after US markets drop
The Australian share market closed lower after a big drop on United States markets and a surge in the oil price to more than $US140 a barrel overnight.
Battered stocks pare back losses
THE sharemarket recovered from earlier losses yesterday but still ended marginally in the red - taking its lead from a rout on Wall Street over the weekend.
Aussie stocks higher, led by resources
The Australian share market closed firmly in the black, driven by the resources sector after the commodities index recorded its biggest weekly gain in 33 years.
Wesfarmers expecting solid growth
Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.
ASX closes lower after financials fall
The Australian share market closed lower after falls from the financial sector, with Babcock & Brown suffering a heavy loss amid a drop in interim profit.
Wesfarmers hints at grocery price war
Coles owner Wesfarmers Ltd says it will continue to absorb increased food costs because it wants to build "price trust" with shoppers.
Resources drive Aussie stocks higher
The Australian share market closed firmly in the black after a stronger prices drove resources sector higher, helping to ovecome a negative Wall Street lead.
ASX lower led by financials, resources
The Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street overnight.
ASX edges higher as oil and gold rises
The Australian share market nudged a little higher after closing relatively flat last week as gold and oil prices rose.
ASX close flat as bank gains offset
The Australian share market closed flat as a rally in banks and property trusts, triggered by a positive US lead, offset falls in mining and energy stocks.