The Number of stores of Woolworths Ltd in Australia reached 2,840 in 2020
The indicator recorded a historical decline (CAGR) of 4.21% between 2017 to 2020
Woolworths Group Limited (Woolworths Group or 'the company') is a retailer of food, liquor and fuel products. The company is also involved in diverse businesses, including the operation of hotels including bars, live music, venue hire, accommodation, meals, gaming, leisure and hospitality. It provides products and services under Woolworths, Metros, Countdown, WooliesX, Dan Murphy’s, Summergate, Langtons, Cellarmasters, BIG W, and BWS banners. Woolworths Group offers financial products related to credit cards, gift cards and insurance. It has a business presence in Australia and New Zealand. The company is headquartered in Sydney, New South Wales, Australia.
The company operates through five segments: Australian Food; Endeavour Drinks Group; New Zealand Food; BIG W, and Hotels.
Under the Australian Food segment, Woolworths Group is involved in the procurement of food and petroleum products for resale to customers primarily in Australia. As of March 2021, the segment operated many stores of which a significant portion was Woolworths Supermarkets followed by Metro Food Stores.
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SWOT Analysis
Woolworths Group Limited (Woolworths Group or 'the company') owns and operates retail stores. Revenue growth provides financial stability, multiple format store network and banners, and diverse business operations mitigate dependency risks, even as a decline in liquidity position could reduce the company's ability to fund day-to-day operations. Positive outlook for the online retail market in Australia, new contracts and agreements could increase the company’s revenue and business expansion initiatives could increase market share could provide ample growth opportunities for the company. However, fluctuations in wage rates could impact operational performance, stringent alcohol advertising regulations and competition could impact profit margins affecting its future growth operations.
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