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Retail Asia16/02/2015

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South African retailer Woolworths has bolstered the board of its Australian subsidiary, Vela Investments, the vehicle for its AUD2.1 billion (USD1.63b) takeover of David Jones last year. Woolworths has appointed four new directors to the Vela Investments board – corporate adviser Patrick Allaway, David Jones acting chief financial officer John McRae, Woolworths’ finance director Reeza […]

Retail Asia22/01/2015

Discount retailer Aldi Australia has vowed to maintain pricing pressure on rivals in the AUD85 billion (USD69.58b) grocery market, after increasing sales by 13 percent in 2014, outpacing food and liquor sales growth at Coles and Woolworths almost three-fold. Aldi Australia’s sales reached AUD6 billion in the 12 months ending December 2014, compared with AUD5.3 […]

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Tag: Woolworths

Woolworths bolsters David Jones team

Aldi Australia vows to maintain pressure on rivals