Woolworths Metro Archives - Convenience & Impulse Retailing

Sydney investor snaps up Woolworths Metro Clifton Hill

Woolworths Metro Clifton Hill has sold post-auction on a low yield of sub 3.30 per cent to a Sydney-based private investor.

A Woolworths Metro supermarket with significant underlying land value is being brought to market in the Melbourne suburb of Clifton Hill.

Metro Food Stores sales increased 27.9 per cent to $309 million in Q3 2023, while Woolworths’ total sales increased 8 per cent on the prior year.

Woolworths Metro sales increased 10.8 per cent to $284 million in the first quarter of FY2023, driven by new store growth.

Woolworths Group has recorded a 9.2 per cent increase in group sales, with net profit after tax rising 0.7 per cent to $1,514 million.

Juice For Good, an orange juice made from 100 per cent imperfect Australian oranges, has launched at 42 Woolworths Metro sites across Sydney.

Woolworths’ operations in SA will be 100 per cent powered by renewable energy from July, while also launching new initiatives across Sydney.

At 140sqm, the Woolworths Metro Albert Park in Melbourne might be small in size, but it certainly isn’t short on quality.

Woolworths and Uber Eats have partnered to offer customers delivery of a curated range of products from Metro stores inside 60 minutes.

Woolworths will record a non-cash impairment charge of around $50m in relation to store and lease assets across 13 of its Metro Food Stores.

Woolworths Metro Food Stores sales continue to be negatively impacted by reduced foot traffic in CBD and on-the-go locations.

Woolworths to offer locally-made paper carry bag as it progressively onshores manufacturing.

Ampol recognised with two major retail achievements at the AACS Awards.