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Woolworths Q3 sales hit by falling fuel prices

2015-05-06 03:59:27| Grocery - Topix.net

Woolworths Ltd. said Wednesday its third quarter sales fell 1.6% from a year earlier to 14.96 billion Australian dollars because of sliding prices and volumes in it gasoline division. Chief Executive Grant O'Brien said the gasoline division was impacted by changes to the terms of its alliance with Caltex Australia Ltd. , after which sales from Caltex operated sites were no longer attributed to Woolworths.

Tags: sales prices hit fuel

Australia stocks fall, with big banks, Woolworths all weaker

2015-05-06 03:59:26| Grocery - Topix.net

Australian stocks pulled sharpy lower in early Wednesday trade, dragged down by disappointing quarterly results, as well as a U.S. sell-off overnight and monetary concerns back home. The S&P/ASX 200 in New York.

Tags: big fall australia banks

No compensation for Woolworths staff

2015-04-30 12:13:46| BBC News | Business | UK Edition

Thousands of former staff at Woolworths stores will not receive compensation for redundancy, following a European Court of Justice ruling.

Tags: staff compensation woolworths

Woolworths finally gets incentives right

2015-04-28 08:18:46| Grocery - Topix.net

Now Woolworths finds itself in the odd position of returning to a strategy it pioneered in order to better compete with a company that copied it. Psychologists call it self-serving bias, in this case expressed in the tendency for managers to take credit for the good stuff that happens under their watch but blame their replacement for any subsequent poor performance.

Tags: right finally incentives woolworths