Competition Commission: Woolworths and other food retailers

Competition Commission: Woolworths and other food retailers scored from the lockdown


The food division of Woolworths, with its well-heeled customer base that could absorb the shock of the lockdown, saw an increased sales revenue growth of 10.7% for the whole year and 13.3% revenue growth in the second half of their financial year.
This period coincides with the lockdown, and the report says that Woolworths’s “higher revenue growth in this period” was a result of a shift in consumption patterns.
Other retailers saw an increase in revenue margins of between 2% and 9%.
Another trend the report looked at was its “concerns around conduct of retailers over the lockdown” as prices of certain basic items increased out of proportion to wholesale prices.

Related Keywords

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