Countdown earnings rise 10.7% on fatter margins, bigger sales

Countdown earnings rise 10.7% on fatter margins, bigger sales
Dan Brunskill
Lockdown pantry-stocking helped drive Woolworths' New Zealand earnings up by more than 10 percent as it managed to fatten margins despite the added cost of operating in a covid-19 environment.  NZ supermarket sales, through Woolworths’ local brand Countdown, rose 9.1 percent to $7.2 billion in the 52 weeks ended June 28. That outperformed the wider group's 8.1 percent increase in group sales to A$63.68 billion.  “Covid-19 also impacted the customer shopping experience, particularly in March and early April, driven by material levels of pa...

More Retail

Duke pins recovery hopes on lower interest rates
Retail

Duke pins recovery hopes on lower interest rates

The Briscoe Group chief said he is ‘thrilled to bits’ with the full-year result.

Gregor Thompson 12 Mar 2025
School lunch provider Libelle Group tipped into liquidation
Retail

School lunch provider Libelle Group tipped into liquidation

It is contracted to deliver approximately 125,000 meals a day. 

Staff reporters 11 Mar 2025
Supreme Coffee pursuing ‘aggressive growth’ in Aus
Retail

Supreme Coffee pursuing ‘aggressive growth’ in Aus

The private equity-backed coffee business acquired a roastery in Sydney last month.

Gregor Thompson 11 Mar 2025
ComCom files criminal charges against two Pak’nSaves
Retail

ComCom files criminal charges against two Pak’nSaves

Charges against Woolworths are on their way.  

Gregor Thompson 04 Mar 2025