Woolworths

Grocery retailing company, Woolworths (ASX:WOW) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

• Woolworths have reported a Net Profit of $1.15 billion, up 19.4 percent on the prior corresponding period.
• WOW revenue from ordinary activities up 3.2 percent, year-on-year, to $30.8753 billion.
• Woolworths sales from continuing operations up 4.8 percent to $30 billion.

Australian grocery retailer, Woolworths (ASX:WOW), have reported their first half results for 2012-2013.

• Woolworths reported $30.7 billion in sales for the first half, up 3.2 percent on the previous corresponding period. (27 weeks to December 30)
• "This solid first-half result is a reflection of the sharpened focus on our core businesses and better meeting our customers needs," said Woolworths Chief executive Grant O'Brien.

Australian retail giant, Woolworths (ASX:WOW) has sold Dick Smith Electronic to Anchorage Capital Partners for $20 million.

• In the ASX stockmarket announcement, Woolworths said that it had signed a share sale agreement for 100 percent of the Dick Smith Electronics subsidiary to Sydney based Anchorage Capital Partners.
• Dick Smith electronics has 325 stores with 4,500 employees.

Australian retailer, Woolworths (ASX:WOW) have released their full year financial results for FY 2012 to the ASX stockmarket.

• Woolworths net profit was $1.8 billion, down 14.5 percent from $2.14 billion the previous year.
• Dick Smith value was written down to only $20 million. The company's downsizing cost Woolworths $366 million in losses.
• Sales revenue increased to $55.1 billion, up 4.8 percent.

Christmas wouldn't be so merry after all for retailers, according to Woolworths (WOW) yesterday during their annual general meeting as Woolies Chief Grant O'Brien describes the condition of the industry as the worst he has ever seen.

Woolworths' (ASX:WOW) market value lost about $2 billion yesterday after the supermarket giant warned that profit could grow as little as 2 percent due to consumer caution. Shares dropped 5.6 percent to $25.75, the company's worst one-day fall since February 2009.

Woolies posted a net profit of $2.128 billion after tax for the 52 weeks to June 26, up 5.1 percent from $2.038 billion last period. Sales were up 4.9 percent to $54.506 billion.

Woolworths (ASX:WOW) customers enjoyed a surprise price cut of up to 50 percent on Friday after a glitch hit stores nationwide.

Human error in the company's IT department was cited as the cause, marking down each packaged product by as much as half. The glitch lasted for an hour and was "sorted very quickly," according to a Woolworths spokeswoman.

Woolworths' (ASX:WOW) is fighting for land for its home renovation development project. According to hardware industry experts, hazy laws on planning and not enough sites are proving to be the biggest roadblocks to Woolies and other major retailers' hopes.

Major retailers – Harvey Norman (ASX:HVN) , David Jones (ASX:DJS) , Woolworths (ASX:WOW) , Coles – want to have their own operating hours except during holidays.