CORPORATE Responsibility Report 2015 B | WOOLWORTHS LIMITED | Corporate Responsibility Report 2015

Total Page:16

File Type:pdf, Size:1020Kb

CORPORATE Responsibility Report 2015 B | WOOLWORTHS LIMITED | Corporate Responsibility Report 2015 CORPORATE RESPONSIBILITY Report 2015 B | WOOLWORTHS LIMITED | CORPORATE RESPONSIBILITY REPORT 2015 CONTENTS Corporate Responsibility Highlights for 2015 1 Sustainability Strategy 2007-2015 – The Results 2 CEO’s Statement 5 People 6 Planet 9 Prosperity 12 Australian Food and Petrol 14 Woolworths Liquor Group 20 New Zealand Supermarkets 22 General Merchandise 24 Hotels 25 Home Improvement 26 Sustainability Metrics 27 Workplace Metrics 29 Corporate Responsibility Governance 34 United Nations Global Compact 36 Global Reporting Initiative 37 Independent Assurance Statement 40 Store Analysis 41 Glossary 42 Company Directory 45 Scope OF Report Unless otherwise stated, this report covers all of our operations in Australia and New Zealand for the 2015 financial year (1 July 2014 to 30 June 2015). Only workplace metrics (excluding Safety) are included for global sourcing offices in China, Bangladesh and Thailand. With only 25% ownership and no operational control of Gage Road Brewery, there is no information reported for this business. 1 | WOOLWORTHS LIMITED | CORPORATE RESPONSIBILITY REPORT 2015 Corporate Responsibility Highlights for 2015 For a fifth consecutive year, Woolworths has been recognised as a Sustainability Leader in the Dow Jones Sustainability Indices, Food and Staples Retailing sector. We are the only Australian retailer on the global sector leaders list. PeopLE PLANet ProSperITY 197,426 42% $114 b employees reduction in carbon and 771,000 jobs in emissions from facilities, indirect contribution to with emissions now the Australian economy below those of our 2007 baseline $ 74,848 91% 7.4 b young employees1 of Sustainability paid in wages Strategy 2007-2015 targets and commitments completed 39% $172 m $1.8 b of management operational cost savings paid in dividends positions held by women from $137 million to shareholders investment in energy efficiency 1,953 60,000 $36 m indigenous employees2 tonnes of food waste contributed to diverted from landfill community partners $28.2m 246,659 $2.4 b invested in staff training tonnes of material in taxes paid 1 Young employees are aged recycled or diverted under 25 years from landfill 2 Employees self-declare if they are indigenous in our engagement survey; this result excludes Woolworths Liquor Group, ALH Group and BIG W 2 | WOOLWORTHS LIMITED | CORPORATE RESPONSIBILITY REPORT 2015 Sustainability Strategy 2007-2015 – The Results 91% of targets and commitments achieved Woolworths Limited launched an industry leading Sustainability Despite the overall success of the strategy, our ambitious Strategy eight years ago, with ambitious targets and commitments commitment to achieve zero food waste to landfill was not met. to transform itself into a more sustainable business. The strategy However, our focus to divert food to charities, farmers programs, focused on improving the efficiency of our operations, commercial composting and waste to energy prevented 60,000 reducing waste and meeting customers’ expectations about tonnes of food waste from being dumped in landfill in 2015. responsible sourcing. We have renewed this commitment through to 2020 and have The strategy set Woolworths as a leader amongst peers and the launched a new partnership with OzHarvest, to further develop retail industry. opportunities to reduce waste. Woolworths successfully completed 31 or 91% of the 34 key As our strategy timeline nears completion, Woolworths targets and commitments in the strategy. Two of the three understands that despite our significant achievements we must remaining commitments were found to be unnecessary. maintain a focus on improvement. Our main achievements were: Adopting a model that encourages a prosperous business, community and supply chain, our new Corporate Responsibility • 42% reduction in carbon emissions from facilities based on Strategy will address the themes of People, Planet and Prosperity. projected growth levels This basic structure best fits a business like Woolworths. • 25%, or greater, reduction in carbon emissions per square metre in new supermarkets • 30% reduction in company car fleet emissions • 200 million litres of annual water saving by the target date of 2010 • Implementation of key policies for ethical sourcing, palm oil, seafood, timber, paper and animal welfare Target Status Comment Carbon emission reductions from facilities 40% reduction in carbon emissions by 2015 (based on projected ✓ Achieved 42% reduction in emissions through a 32.3% growth levels), bringing our emissions back to 2006 levels reduction through energy efficient technology and inclusion of the 11.11% Renewable Energy Target. 25% reduction in carbon emissions per square metre for ✓ Have maintained a minimum 25% reduction in emissions new sustainable store designs compared with business as usual per square metre since 2012. Emission reduction for designs supermarkets built in 2015 is 30.4%. All new Woolworths Supermarkets opening from September ✓ Sustainable engineering design was implemented in 2008. 2008 to conform to our sustainable design guidelines Work with the Green Building Council to develop a star-rating ✗ In 2010, further investigation showed minimal benefit in tool for supermarket interiors developing this tool, particularly with Woolworths’ progress with investment in energy efficiency. Develop an ecological footprint calculator for evaluation ✗ In 2010, it was decided that internally developed project of supermarket interior design and fit-out modelling and investment in energy efficiency made this target redundant. 3 | WOOLWORTHS LIMITED | CORPORATE RESPONSIBILITY REPORT 2015 Sustainability Strategy 2007-2015 – The Results Target Status Comment Carbon emission reductions from transport 25% reduction of carbon emissions per carton delivered ✓ Achieved a 25.6% reduction in emissions by 2012. by Woolworths owned trucks by 2012 Outsourced these operations in 2013. 30% reduction on 2006 levels of carbon emissions from ✓ Achieved a 30% reduction in emissions by 2012. Fleet was a company car fleet of 3,100 cars, by 2010 significantly larger than forecast. Establish accurate baseline data in 2008 for all modes ✓ Achieved in 2008, with accurate data available for of transport Woolworths-owned fleet and improved accuracy for third party logistics providers. Establish a forum with major transport suppliers to develop ✓ Active participation in industry forums, including the Road a low carbon strategy for our third party distribution network Transport Authority’s Green Truck Partnership. Conduct a comprehensive study on biodiesel availability in ✓ In 2008, Woolworths sponsored the CSIRO Future Fuels Australia, including quality, vehicle compatibility and cost impacts Forum on alternative fuel research. Trial the use of hybrid powered trucks for home deliveries ✓ A hybrid truck was trialled in 2009. The vehicle remains part of our fleet but the business case of fuel savings versus capital cost does not justify further investment at this time. Water efficiency Develop a more complete baseline of water usage ✓ Corporate Water Tree developed in 2010, mapping out water use in the business. Roll out the Water Wise project nationally for all of our ✓ Completed in 2008, with all Australian Supermarkets and Australian Supermarkets BIG W stores using water efficient fittings and practices. Reduce water use by at least 200 million litres by 2010 ✓ Target achieved in 2010. Results have declined but water saving was delivered in 2015. Ethical sourcing Develop and implement an ethical sourcing policy ✓ Implemented in 2008 and supported by a factory audit program. Identify sustainable sourcing gaps and develop ✓ Have introduced sustainable sourcing policies for palm oil, appropriate policies seafood, timber and paper products and animal welfare. Conduct staff training and capacity building for our buying ✓ Training has been provided to staff on ethical sourcing, teams to help them understand issues and types of compliance and sustainable product development. third party certifications Packaging Establish a supplier forum to work together on more ✓ Forums were held in 2008 and 2009 and included topics sustainable packaging like improved labelling. Establish more comprehensive baseline data for packaging ✓ Woolworths has collated packaging information on 34% of Own Brand products, including information on material of our Own Brand products, which used more than 32,300 consumption, recycled content, recyclability tonnes of packaging material. Review Own Brand procurement policy and supplier guidelines ✓ Sustainable Packaging Guidelines were developed and implemented in 2011. Conduct an audit of compliance with the Environmental Code ✓ Audit was conducted in 2008. of Practice for Packaging (ECOPP) and ISO 14021 for Own Brand products Trial the use of the Packaging Impacts Quick Evaluation Tool ✓ Trial was conducted in 2008. Woolworths now uses this tool (PIQET) for Own Brand products to compare the impacts of different packaging solutions. Report annually to the Australian Packaging Covenant (APC) ✓ Woolworths has been reporting annually on packaging and in the Woolworths Corporate Responsibility Report since 2008. Provide training to 50 suppliers by 2008 ✓ Facilitated training sessions and forums on PIQET, sustainable packaging guidelines and labelling. Use PIQET to evaluate 20 Own Brand products by 2010 ✓ Woolworths has conducted PIQET assessments on meat trays, wine bottles and our packaging team uses PIQET to compare packaging options. Continue to replace waxed cardboard and polystyrene boxes ✓ Achieved
Recommended publications
  • Kaufland Australia Proposed Store Mornington, Melbourne Economic Impact Assessment
    Kaufland Australia Proposed store Mornington, Melbourne Economic Impact Assessment November 2018 Prepared by: Anthony Dimasi, Managing Director – Dimasi & Co [email protected] Prepared for Kaufland Australia Table of contents Executive summary 1 Introduction 5 Section 1: The supermarket sector – Australia and Victoria 6 Section 2: Kaufland Australia – store format and offer 13 Section 3: Economic Impact Assessment 20 3.1 Site location and context 21 3.2 Trade area analysis 23 3.3 Competition analysis 27 3.4 Estimated sales potential 28 3.5 Economic impacts 30 3.6 Net community benefit assessment 43 Executive summary The Supermarkets & Grocery Stores category is by far the most important retail category in Australia. Total sales recorded by Supermarkets & Grocery Stores as measured by the Australian Bureau of Statistics have increased from $64.5 billion at 2007 to $103.7 billion at 2017, recording average annual growth of 4.9% per annum – despite the impacts of the global financial crisis (GFC). Over this past decade the category has also increased its share of total Australian retail sales from 31.3% to 33.7%. For Victoria, similar trends are evident. Supermarkets and grocery stores’ sales have increased over the past decade at a similar rate to the national average – 4.5% versus 4.9%. The share of total retail sales directed to supermarkets and grocery stores by Victorians has also increased over this period, from 31.6% at 2007 to 32.8% at 2017. Given the importance of the Supermarkets & Grocery Stores category to both the Victorian retail sector and Victorian consumers, the entry of Kaufland into the supermarket sector brings with it enormous potential for significant consumer benefits, as well as broader economic benefits.
    [Show full text]
  • Full Year Profit Announcement
    F20 Final Profit and Dividend Announcement For the 52 weeks ended 28 June 2020 Bringing our Purpose to life and creating a COVIDSafe environment F20 Group highlights1,2,3 Group Online Group Group Dividend sales sales EBIT NPAT per share $63,675 M $3,523 M $3,219M $1,602M 94 ¢ % % % 5 8.1 41.8% (0.4) (1.2) (7.8)% Woolworths Group CEO, Brad Banducci, said: “At our half-year results in February, we spoke about the many challenges the communities we operate in had faced including drought, bushfires, the White Island tragedy in New Zealand and unrest in Hong Kong. At the time, no one could have imagined how the rest of the year would unfold with the devastating impact of COVID-19. Our main priority for F21 is making COVIDSafe a part of everything we do. I again want to recognise the way our team has continued to respond to the ongoing challenges, and I continue to be inspired by our team's collective commitment to do the right thing. “COVID-19 had a material impact on the Group’s financial performance for the year. After strong first half Group EBIT1 growth of 11.4%, EBIT growth in H2 was distorted by COVID. The closure of Hotels for much of the last four months of the financial year led to a material decline in its H2 EBIT compared to the prior year. However, the impact of the closures was partially offset by strong sales-driven EBIT growth across our retail businesses, despite materially higher customer and team safety costs.
    [Show full text]
  • A Public Interest Assessment
    A Public Interest Assessment Applicant: Woolworths Group Limited Application: Application for Liquor Store Licence Proposed Store: BWS – Beer Wine Spirits Inglewood CULLEN MACLEOD Lawyers Level 2, 95 Stirling Highway NEDLANDS WA 6009 Telephone: (08) 9389 3999 Facsimile: (08) 9389 1511 Reference: SN:190339 TABLE OF CONTENTS Details of the Application ....................................................... 1 1 About the Application 1 2 About the Proposed Store, the Supermarket and the Centre 1 2.1 The Proposed Store 1 2.2 The Supermarket 4 2.3 Centre 6 3 Details of the business to be operated at the Proposed Store 7 3.1 About the Applicant 7 3.2 Features of the Proposed Store and manner of trade 7 3.3 Security measures 11 4 About the Public Interest Assessment 13 4.1 The legislative requirements 13 4.2 Addressing the Public Interest 13 5 Key Public Interest Factors in the Application 14 5.1 Key features and factors of the Locality 14 5.2 Demographic Profile 19 5.3 Crime and health data 20 5.4 Field and site investigations 21 5.5 Offence, annoyance, disturbance, etc 23 5.6 Existing Licensed Premises 24 5.7 Consumer Requirement and Proper Development 36 5.8 Market Survey 39 Submissions and conclusion .................................................. 42 6 Submissions 42 6.1 Relevant legal principles 42 6.2 Key factual matters 44 7 Conclusion 46 General ................................................................................ 47 8 Definitions, source data and copyright 47 8.1 Definitions 47 8.2 Source data 47 8.3 Copyright 48 Annexures ............................................................................ 50 PIA Final i Details of the Application 1 About the Application (a) The Applicant has made an application to the Licensing Authority for the grant of a liquor store licence for premises be located in a new shopping centre in Inglewood, Western Australia.
    [Show full text]
  • GAIN Report Global Agriculture Information Network
    Foreign Agricultural Service GAIN Report Global Agriculture Information Network Voluntary Report - public distribution Date: 12/10/2002 GAIN Report #AS2042 Australia Product Brief Confectionery Products 2002 Approved by: Andrew C. Burst U.S. Embassy Prepared by: Australian Centre for Retail Studies Report Highlights: Within the global confectionery market, Australia is ranked 11th for sugar confectionery consumption and 9th for chocolate. Nine out of ten people regularly consume confectionery from both the chocolate and sugar confectionery categories. Approximately 55 percent of confectionery sales are through supermarkets, with the remaining 45 percent sold through outlets such as milk-bars, convenience stores and specialty shops. New products are introduced fairly regularly to the Australian confectionery market; however highly innovative products are less common and this may be an area that offers opportunities for U.S. exporters to be successful in this market. In 2001, Australia was the 15th largest export market for U.S. confectionery products. Includes PSD changes: No Includes Trade Matrix: No Unscheduled Report Canberra [AS1], AS This report was drafted by consultants: The Australian Centre for Retail Studies Monash University PO Box 197 Caulfield East VIC 3145 Tel: +61 3 9903 2455 Fax: +61 3 9903 2099 Email: [email protected] Disclaimer: As a number of different sources were used to collate market information for this report, there are areas in which figures are slightly different. The magnitude of the differences is, in most cases, small and the provision of the data, even though slightly different, is to provide the U.S. exporter with the best possible picture of the Australian Confectionery Sector where omission may have provided less than that.
    [Show full text]
  • Delivering Today. Value Tomorrow
    A CENTURY OF PROGRESS Delivering today. Value tomorrow. Wesfarmers | Annual Report 2014 WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 A CENTURY OF PROGRESS WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 2 A century of progress. In this our one hundredth year, we celebrate our strong commitment to performance that has seen our business consistently deliver value to our shareholders, employees, customers and the communities in which we operate. As we look towards the future we continue to focus on the core values that form the foundation of our success – integrity, openness, accountability, and boldness. Despite many changes over the past 100 years, it is our steadfast commitment to these values that ensures we provide a satisfactory return to shareholders; look after our employees and ensure they have a safe environment in which to work; provide excellent products and services to our customers; look after and care for the environment; and make a contribution to the communities in which we operate. WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 WESFARMERS ANNUAL REPORT 2014 1 A CENTURY OF PROGRESS Contents About Wesfarmers About this report From its origins in 1914 as a Western Australian farmers’ This annual report is a summary of Wesfarmers’ and its cooperative, Wesfarmers has grown into one of Australia’s largest subsidiary companies’ operations, activities and financial listed companies. With headquarters in Western Australia, its position as at 30 June 2014. In this report references to diverse business operations cover: supermarkets; department ‘Wesfarmers’, ‘the company’, ‘the Group’, ‘we’, ‘us’ and stores; home improvement and office supplies; coal production and ‘our’ refer to Wesfarmers Limited (ABN 28 008 984 049) export; chemicals, energy and fertilisers; and industrial and safety unless otherwise stated.
    [Show full text]
  • Woolworths Limited
    20 July 2011 PRESS RELEASE FULL YEAR SALES RESULTS 52 WEEKS TO 26th JUNE 2011 SALES OF $54.1 BILLION FOR THE YEAR UP 4.7% EXCLUDING PETROL SALES UP 4.1% 2010 2011 Increase Statutory Statutory (%) (52 weeks) (52 weeks) Full Year by Division ($ millions) Supermarket Division 44,287 46,312 4.6% Australian Food and Liquor 34,675 36,176 4.3% New Zealand Supermarkets (NZD) 5,185 5,362 3.4% New Zealand Supermarkets (AUD) 4,131 4,111 (0.5)% Petrol (dollars) 5,481 6,025 9.9% Petrol (litres) 4,792 4,920 2.7% General Merchandise Division 5,975 6,014 0.7% BIG W 4,193 4,158 (0.8)% Consumer Electronics – Total 1,782 1,856 4.2% Consumer Electronics – Aust 1,260 1,286 2.1% Consumer Electronics – NZ (NZD) 341 322 (5.6)% Consumer Electronics – NZ (AUD) 270 248 (8.1)% Consumer Electronics – India 252 322 27.8% Hotels 1,102 1,153 4.6% Home Improvement 330 664 n.m Total Year to Date Sales 51,694 54,143 4.7% Total Year to Dates Sales (excluding NZ 5.1% exchange rate impacts) Total Year to Date Sales (excluding Petrol) 46,213 48,118 4.1% Woolworths Limited Chief Executive Officer, Michael Luscombe, today announced full year sales of $54.1 billion, a $2.4 billion or 4.7% increase on the previous year (4.1% increase excluding Petrol). Mr Luscombe said “This result has been achieved in a very challenging year for retail which saw continuing deflationary effects, the disruption caused by natural disasters, increased consumer caution and higher domestic savings rates.
    [Show full text]
  • ANNUAL REPORT 2009 Chairman’S Report
    outside back cover 6mm outside front cover ANNUAL REPORT ABN 88 000 014 675 WOOL W ORTHS LIMITED ANNU LIMITED ORTHS A L L R EPORT 2009 EPORT inside front cover 6mm inside back cover contents aboUT this report COMPANY DIRECTORY Woolworths Limited Company Secretary Principal registered office in Australia Peter Horton 1 Woolworths Way Bella Vista NSW 2153 Share Registrar Tel: (02) 8885 0000 Computershare Investor Services Pty Limited Web: www.woolworthslimited.com.au Level 3 60 Carrington Street BIG W Sydney NSW 2000 Web: www.bigw.com.au Tel: 1300 368 664 Fax: (02) 8234 5050 Woolworths maintained National Supermarkets Web: www.computershare.com.au 2 Chairman’s its confidence and Web: www.woolworths.com.au Report certainty in the Auditor Australian economy Woolworths Petrol Deloitte Touche Tohmatsu 4 Managing during the year and remains very optimistic Tel: 1300 655 055 Director’s Grosvenor Place about the country’s Web: www.woolworthspetrol.com.au 225 George Street Report ability to withstand the Sydney NSW 2000 extraordinary fiscal events BWS 6 Highlights that have taken place. Tel: (02) 9322 7000 Web: www.beerwinespirits.com.au By continuing to grow Web: www.deloitte.com.au 10 The Results our company, create in brief employment and deliver Dan Murphy’s choice and value to 789 Heidelberg Road 12 Supermarkets customers, we will be Alphington VIC 3078 well positioned to reach Tel: (03) 9497 3388 18 General our 100th birthday Merchandise in 2024 as a vibrant, Fax: (03) 9497 2782 strong and dynamic Web: www.danmurphys.com.au MICHAEL LUSCOMBE Australian company.
    [Show full text]
  • The Australian Grocery Sector: Structurally Irredeemable?
    THE AUSTRALIAN GROCERY SECTOR: structurally irredeemable? Alexandra Merrett and Rhonda L Smith1 By all appearances, the grocery sector in Australia is less than ideally competitive and indeed less competitive than most other advanced economies. It may be that the size of the Australian economy imposes a natural limit on the market structure whereby the available economies of scale and scope mean that there is only room for two large players. The evidence suggests that, while Coles and Woolworths may have substantial market power, they do not take advantage of such market power by systematic monopoly pricing. Rather, any uses of market power are episodic and appear largely related to non-price conduct. Indeed, it seems the biggest impact for Australian consumers of our present market structure is reduced choice and innovation as sources of supply are rationalised. Australians may therefore need to consider the extent to which they prefer increased choice over lower prices and the convenience of one-stop shops. In considering these issues, this paper attempts to assess anecdotal claims – particularly in relation to ‘must have’ brands and private labels – by reference to available data. In doing so, we highlight several potential uses of publicly available information which may go some way to proving or disproving market power problems in the Australian grocery sector. 1 Alexandra Merrett is a competition lawyer and Senior Fellow at the Melbourne Law School, and may be contacted on [email protected]. Rhonda Smith is an economist and Senior Lecturer at the University of Melbourne. She may be contacted on [email protected].
    [Show full text]
  • Woolworths Group F21 Q3 Sales Announcement
    29 April 2021 ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Third Quarter Sales Results Attached for release to the market is the Woolworths Group Third Quarter Sales results for the 13 week period to 4 April 2021. Authorised by: Michelle Hall, Company Secretary For further information contact: Media: Woolworths Group Press Office: +61 2 8885 1033 [email protected] Investors and Analysts: Paul van Meurs, Head of Investor Relations: +61 407 521 651 Woolworths Group Limited ABN 88 000 014 675 1 Woolworths Way, Bella Vista NSW 2153 Third Quarter Sales Results Financial Year 2021 - 13 weeks to 4 April 2021 29 April 2021 Trading patterns stabilising with Q3 growth impacted by cycling COVID Group sales Group eCommerce Group VOC NPS sales $16,566m $1,341m 56 5 pts vs. Q3 F201 ▲ 0.4% vs. Q3 F20 ▲ 64.2% vs. Q3 F20 ▲ Woolworths Group CEO, Brad Banducci, said: “There were two very distinct trading periods in Q3; the first seven weeks before we began to cycle COVID and the second six weeks as we cycled the peak growth of the prior year. Group sales growth was strong in the first seven weeks of the quarter. For the final six weeks, food and drinks sales declined on the prior year as expected, BIG W remained strong, and Hotels’ sales growth started to recover as it cycled closures at the end of Q3 in the prior year. “Despite the volatile trading over the quarter on a one-year basis, two-year average growth rates in Australian Food, Endeavour Drinks and BIG W remained above-trend.
    [Show full text]
  • Woolworths Limited FY13 Full Year Earnings Analyst Presentation
    Company Results Full Year Ended 30 June 2013 Grant O'Brien Chief Executive Officer and Managing Director Results — Financial Year 2013 Continuing Operations Total Group Before Significant Items1 Change Change FY13 Change Normalised2 FY13 Change Normalised2 Sales – Group $58.5b 6.8% 4.8% $59.2b 4.3% 2.4% EBITDA $4,618.7m 9.2% EBIT $3,653.2m 9.2% 7.2% NPAT $2,353.9m 8.0% 6.1% $2,259.4m 24.4% EPS 190.2¢ 6.7% 4.8% 182.6¢ 22.8% DPS 133¢ 5.6% ROFE 28.0% 24 bps $2.2 billionreturned to shareholders via dividends and the in-specie distribution on divestment of the SCA Property Group 1. Significant items include one-off loss associated with the SCA Property Group transaction, Victorian transport fleet redundancies, US 144A bond redemption costs and the net gain of disposal of Consumer Electronics businesses. Refer to slide 52 for further information 2. Full year total growth has been adjusted to remove the impact of the 53rd week in the 2013 Financial Year 1 Group EBIT from continuing operations — up 9.2% or 7.2% on a normalised 52 week basis1 Change $ million FY12 FY13 Change Normalised1 Australian Food and Liquor 2,817.2 3,061.6 8.7% 6.7% Petrol 127.1 137.7 8.3% 6.2% Australian Food, Liquor and Petrol 2,944.3 3,199.3 8.7% 6.7% New Zealand Supermarkets (NZD) 287.4 302.7 5.3% 3.5% New Zealand Supermarkets 224.5 236.2 5.2% 3.3% BIG W 178.4 191.3 7.2% 5.5% Hotels 195.7 263.7 34.7% 32.2% Group EBIT – Continuing Operations before Central Overheads and Home Improvement 3,542.9 3,890.5 9.8% 7.8% Central Overheads (99.8) (98.4) (1.4)% (3.3)%
    [Show full text]
  • Overview of Australia and New Zealand Supermarkets
    OVERVIEW OF KEY AUSTRALASIAN SUPERMARKET RETAILERS Briefing Document September 2003 Coriolis Research Ltd. is a strategic market research firm founded in 1997 and based in Auckland, New Zealand. Coriolis primarily works with clients in the food and fast moving consumer goods supply chain, from primary producers to retailers. In addition to working with clients, Coriolis regularly produces reports on current industry topics. Recent reports have included an analysis of Retail Globalization: Who’s Winning” and answering the question: “Will selling groceries over the internet ever work?” The lead researcher on this report was Tim Morris, one of the founding partners of Coriolis Research. Tim graduated from Cornell University in New York with a degree in Agricultural Economics, with a specialisation in Food Industry Management. Tim has worked for a number of international retailers and manufacturers, including Nestlé, Dreyer’s Ice Cream, Kraft/General Foods, Safeway and Woolworths New Zealand. Before helping to found Coriolis Research, Tim was a consultant for Swander Pace and Company in San Francisco, where he worked on management consulting and acquisition projects for clients including Danone, Heinz, Bestfoods and ConAgra. The coriolis force, named for French physicist Gaspard Coriolis (1792-1843), may be seen on a large scale in the movement of winds and ocean currents on the rotating earth. It dominates weather patterns, producing the counterclockwise flow observed around low-pressure zones in the Northern Hemisphere and the clockwise flow around such zones in the Southern Hemisphere. It is the result of a centripetal force on a mass moving with a velocity radially outward in a rotating plane.
    [Show full text]
  • Annual Report 2011 Closer Every Day
    Annual Report 2011 Closer every day. Woolworths Limited Annual Report 2011 CONTENTS CAPITAL MANAGEMENT Chairman’s Report 11 Managing Director’s Report 12 Successful completion of Highlights 14 The Results in Brief 18 $704 million off market Food, Liquor and Petrol 20 share buyback and sales of General Merchandise 26 Hotels 32 approximately $390 million Overheads, Expenses and Balance Sheet 33 in property assets. Capital Management and Outlook 34 Board of Directors 36 Management Board 2011 41 EARNINGS Directors’ Statutory Report 42 Remuneration Report 45 Auditor’s Independence Declaration 68 Corporate Governance Statement 69 5.1% Financial Report to Shareholders 80 increase Shareholder Information 167 in net profit after tax to $2,124.0 million (6.4% excluding natural disaster costs). www.woolworthslimited.com.au ABN 88 000 014 675 CASH FLOWS Solid increase in operating cash flows. EARNINGS 6.5% 6.6% 6.3% increase increase increase in earnings per share in earnings before in earnings before to 174.6 cents. interest, tax, depreciation interest and tax to and amortisation. $3,276.4 million. SALES DIVIDENDS 4.7% 6.1% increase increase Sales of $54,143 million, in fully franked up 4.7% including petrol dividend to 122 cents (excluding petrol, up 4.1%). per share. 1 Woolworths Limited Annual Report 2011 Thousands of shelf prices reduced during the year We’re knocking down prices every week… 63% rise in online sales over the last year We’re making online shopping easier and more accessible… 2 …so meal time is more about the family and less about the cost.
    [Show full text]