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Woolworths shines as food business keeps delivering


Woolworths shines as food business keeps delivering
Trading update 
Group sales for the 26 weeks ended 27 December 2020 (‘current period’) increased by 5.3% compared to the 26 weeks ended 29 December 2019 (‘prior period’) and declined by 0.5% in constant currency terms. This reflects improved trading momentum across all businesses over the final six weeks of the reporting period versus the 20-week update published on the Stock Exchange News Service (‘SENS’) on 19 November 2020.
Trading conditions across the Group continued to be impacted by Covid-19, with significantly reduced store footfall, particularly in larger shopping centres and CBD locations. Considered actions to stimulate trade, strengthen online capabilities, manage inventory levels and execute property sales, have resulted in positive cash flows and a continued reduction in net debt levels in both South Africa and Australia. ....

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Woolies Dash promises same-day store-to-door cold-chain delivery


“Woolies Dash will see Woolworths become the first and only retailer in South Africa to pioneer and offer store-to-door cold chain within an on-demand service of this kind,” Woolworths said in its statement.
“This also sets a new benchmark for cold-chain, which includes the latest world class refrigeration technology in a lightweight carrier,” it added.
Branding yet to be revealed
Unsurprisingly, the group did not provide visuals of what the concept looks like just yet, as competition between the trio of Cape Town-based retailers (Shoprite/Checkers, PnP and Woolworths Food) hots up.
Woolworths is known to have one of the most comprehensive fresh food cold-chains in the local market. ....

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