Woolworths Dominates Coles In New Years Sales

Woolworths Dominates Coles In New Years Sales
B&T Magazine
Edited by B&T Magazine
SHARE
THIS



Woolworths has released their half-year results, showing an eight per cent jump in sales during the first seven weeks of 2021.

Their sales have continued to grow strongly after significant successes last year.

The COVID-19 pandemic had an impact on Woolworth’s sales as snap lockdowns prompted panic buying and online delivery across Australia.

In the six months to the end of December last year, their sales rose by over ten per cent to $35.8 billion.

The eight per cent jump is almost five per cent more than rival supermarket chain Coles.

It told investors last week that their sales for the first six weeks of the year grew by only three-point-three per cent.

The news had an impact on Coles’ shares, which decreased by five per cent to $17.29 the morning of the announcements.

In contrast, earlier in the pandemic Coles was experiencing twenty to thirty per cent growth rate per month. In the six months up to December, Coles’ total revenue rose by eight per cent to $20.4 billion.

Woolworth’s report also showed a turnaround for Big W, which has been struggling. Sales rose twenty per cent to $2.5 billion, and 2020 was the first year Big W reported a profit since 2015.

Please login with linkedin to comment

Coles Woolworths

Latest News

Creating Efficiencies in the Age of Consumer Privacy
  • Marketing

Creating Efficiencies in the Age of Consumer Privacy

In this opinion piece, Jess Miles, Country Manager ANZ of Integral Ad Science, reflects on the questions surrounding consumer data. The ability to collect consumer data online has revolutionised digital advertising by enabling customised targeting strategies and data collection. This reliance on data has been the cornerstone of many audience targeted strategies enabling marketers to […]

Opinion

by Kathleen Farmilo

Kathleen Farmilo
Jye Smith Named President Of Vibewire Board
  • Media

Jye Smith Named President Of Vibewire Board

After ten years of board leadership of the young entrepreneurial collective Vibewire, Founder & Co-CEO of Disruptors Co. Gavin Heaton is passing the torch to fellow strategy and creative leader Jye Smith, Founder and Director of branding and design studio DOUBLESTAR CO, who will now take over as Board President.

Australian CDP Lexer Raises $33.5M In Funding
  • Technology

Australian CDP Lexer Raises $33.5M In Funding

Lexer, the Customer Data Platform for brands and retailers, today announced it has raised AU$33.5 million in Series B funding, bringing its total funding to AU$43 million. The round was led by Blackbird Ventures and King River Capital, with Series A investor January Capital also participating. Blackbird’s Rick Baker will join the Lexer board. The […]