Woolworths Limited is a retail giant in Australia and New Zealand, and is one of the most recognized brands in the region.
By revenue, it is the second largest company in Australia by revenue standing at a whopping 45.3 billion dollars in 2015 and is the second largest in New Zealand. With the first store opening in Sydney in December 1924, the retail company is headquartered at Bella Vista, New South Wales.
Its owns and operates Woolworths Supermarkets in Australia, Countdown in New Zealand, BWS and Dan Murphy’s liquor retailing in Australia, pubs and hotels under ALH group, and BigW discount department stores in Australia. Woolworths mostly sells packaged foods, meat, fruits, vegetables, magazines, DVDs and stationary items. With over 200000 employees and 980 stores across Australia, Woolworths is the Australian equivalent of Walmart in the USA. The company is led by Brad Banducci as the Chief Executive Officer.
In 1996, Woolworths began entering the petrol market with outlets across Australia named as “Plus Petrol”. For easy banking services for customers, it collaborated with Commonwealth Bank to create Ezy Banking in 1999. By 2008, it had invested in infrastructure, financial services and built a 50-member staff for this purpose. Woolworths also has 75% stake in Australian Leisure and Hospitality group and operates poker machines across Australia which are estimated to raise around 1.2 billion dollars in revenue each year.
Woolworths executives are recognized across the globe as world class executives and many of them have won global awards like CFO of the Year 2016. The company is generally seen to be considerate to disabled persons offering them employment and the company has won the Disability Employment Award in recent years.