Woolworths Limited is a renowned Australian organization which captures a lion’s share of the retail market all through Australia and New Zealand.
It is the second biggest organization in Australia by income, after Perth-based retail firm Wesfarmers and the second biggest in New Zealand. Furthermore, Woolworths Limited is the biggest beverage retailer in Australia and the biggest retailer on the planet in 2008, and is recognized across the country.
The group was founded in 1924 and quickly became a chain of stores across Australia and New Zealand. By 1960 it became an Australia wide retailer and set up supermarkets in key cities. It also delved into liquor and launched its own brands. In 1981 the group acquired Dick Smith to enter the interactive electronics category. After a series of acquisitions, the company went public in 1993. In 2013 the group has completed 20 years in the Australian Stock market and produced consistently brilliant returns for its shareholder’s year on year.
Its principle operations incorporate Woolworths and Countdown supermarkets in Australia and New Zealand, Dan Murphy and BWS, the alcohol retailing units. The group also owns Australian Leisure and Hospitality Group, responsible for hotels and pubs run by the conglomerate and Big W which operates the discount department stores. The ALH group operates around 12,650 poker machines in Australia which is estimated to raise revenue of $1.2 billion every year.
Currently, the group’s strategy is aligned towards extending unassailable leadership in food and liquor business, maintaining its track record of building new growth businesses and developing its portfolio in order to maximize the value for its shareholders.