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.
It is time for a revisit of the Woolworths Group Ltd (ASX:WOW) shares versus Coles Group Limited (ASX:COL) shares debate.
The Woolworths Group Ltd (ASX:WOW) share price will be on watch today after the company released its FY19 report to the market this morning.
The Australian share market or ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open flat today, the USA’s S&P 500 Index (.INX) rose 0.6% on Wednesday.
The Coles Group Limited (ASX:COL) share price is up around 4% as the market consumes the FY19 report numbers.
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Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.17% at lunch.
The Zip Co Limited (ASX:Z1P) share price has rebounded today due to an announcement that Zip’s payment solution will soon be available throughout Big W stores.
The Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO) hit an all-time high today, finally passing the level that was set before the GFC over a decade ago.
