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Woolworths Group Ltd (ASX:WOW)

Food & Staples Retailing

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Woolworths Group Ltd (ASX: WOW) was founded in 1924 by Percy Christmas, with its first store opening in Sydney’s Imperial Arcade. Woolworths has gone on to become Australia’s largest supermarket business, operating Woolworths supermarkets in Australia and Countdown in New Zealand. It also runs the retail department store Big W as well as liquor stores Dan Murphy’s and BWS. With over 3,000 stores and more than 200,000 employees, it’s one of Australia’s largest employers. 

Woolworths Group Ltd (ASX:WOW) share price

Woolworths Group Ltd (ASX:WOW) share price news

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Wesfarmers Ltd Is Selling Coles

In an ASX filing, Wesfarmers Ltd (ASX:WES) announced that it will demerge Coles, its leading supermarkets business, subject to shareholder vote.

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The S&P/ASX 200 Slumped Today

Australia’s S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) ended lower on Thursday with shares of Rio Tinto Limited (ASX:RIO) and Woolworths Group Ltd (ASX:WOW) weighing on the ASX. 

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Woolworths Group Ltd HY Profit Jumps 38%

Woolworths Limited (ASX:WOW) released its half year report to the ASX on Friday revealing a 38% increase in profit and dividends of 43 cents per share. 

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