Woolies to launch WCellar showcasing wines for sale
By Philippa Larkin
Philippa Larkin
JOHANNESBURG – Retailer Woolworths said yesterday that it was proud to launch a new virtual WCellar experience – showcasing an exclusive and curated wine offer specially for Woolies customers as it grows its digital sales amid Covid-19 disruption.
Woolworths reported online sales grew by 118.8 percent, contributing 4 percent to South African sales for the 26 weeks ended December, 27, 2020.
The retailer said the pandemic and related restrictions had a dramatic impact on consumer shopping behaviour, particularly for wine consumption.
Despite the easing of restrictions, many people still preferred to enjoy a glass of wine in the safety of their homes and online wine sales have increased dramatically during this time, with Woolworths seeing double-digit online wine sales growth.
Retailer Woolworths on Thursday (25 February), reported strong growth in its food division for the 26 weeks ended 27 December 2020, with improved trading…
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Foreigners remained net sellers of South African stocks for a third consecutive day Friday.
By Adelaide Changole, Bloomberg
25 Jan 2021 11:30
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Image: Moneyweb
South Africaâs main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers was lifted by a surge in partly owned Chinese online giant Tencent Holdings. Retailer Woolworths was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement.
Asian stocks and US and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic.