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Woolworths Group Ltd (ASX: WOW) was founded in 1924 by Percy Christmas, with its first store opening in Sydney’s Imperial Arcade. Woolworths has gone on to become Australia’s largest supermarket business, operating Woolworths supermarkets in Australia and Countdown in New Zealand. It also runs the retail department store Big W as well as liquor stores Dan Murphy’s and BWS. With over 3,000 stores and more than 200,000 employees, it’s one of Australia’s largest employers.
Woolworths Limited (ASX:WOW) released its half year report to the ASX on Friday revealing a 38% increase in profit and dividends of 43 cents per share.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has plunged at lunch. It has fallen by 1.28% so far.
