WOWKZD meaning in Business ?

Answer:

What is Woolworths Ltd mean?

Woolworths Group Limited, a major Australian company, has extensive retail interests throughout Australia and New Zealand. It is the largest company in Australia by revenue and the second-largest in New Zealand. Despite taking the Woolworths name when it was founded in Sydney in 1924, Woolworths Group has always been independent of the Woolworths Group in the UK, and the South African chain of retail stores, Woolworths Holdings Limited. Its main operations include supermarkets (under the Woolworths brand in Australia and the Countdown brand in New Zealand) and discount department stores under the Big W name in Australia.

On 25 August 2016, the company announced a loss of $1.235 billion for the 2016 financial year, the biggest loss in the more than 20 years since it has been publicly listed on the ASX, mainly due to more than $2 billion in write-downs of the failed Masters Home Improvement business and losses in the Big W business.

In 2021, Woolworths spun out its alcohol, hotel, and gambling businesses into a new ASX-listed company, Endeavour Group. The new company holds the brands Dan Murphy’s, BWS, ALH, Cellarmasters, and Jimmy Brings.

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