Woolworths struggles to win back ‘price trust’ from customers – and investors – as Coles value rises
by Luca Ittimani from World news | The Guardian on (#6ZKE8)
Market value of Woolworths, Australia's largest supermarket chain, slips from over $40bn to less than $35bn
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Woolworths has shed over $5bn in market value as it struggles to regain customer price trust" and stretches product availability.
Australia's biggest supermarket chain on Wednesday reported sales rose 3% in the year to June and just 2% in July and August compared to the year before, while profits in 2024-25 fell by a fifth, to nearly $1.4bn.
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