Woolworths has reported strong growth in its online sales, with Woolies Dash sales skyrocketing by over 70%.<\/p>\n\n\n\n
This is according to Woolworths Group’s trading statement for the financial year ending 30 June 2024, which was released today.<\/p>\n\n\n\n
Although Woolworths mentioned multiple hindrances to trading throughout the year, many of its vital business assets saw significant online growth over the period.<\/p>\n\n\n\n
The company’s South African online food sales performed particularly well, growing by 52.8% and contributing to 5.5% of total South African sales.<\/p>\n\n\n\n
Woolworths has attributed this to the increased penetration of its Woolies Dash delivery service. The food and clothing retailer reported that its delivery service has grown by a staggering 71.2% over the 53 weeks.<\/p>\n\n\n\n
“Our Food business delivered strong and above-market growth, reinforcing its strength and resilience, and the trust that customers place in our Woolies brand,” the retailer said.<\/p>\n\n\n\n
Woolworths also noticed a substantial increase in online sales of 30.4% in its fashion, beauty, and home business, which contributed 5.6% of total sales.<\/p>\n\n\n\n
However, the group believes external factors negatively impacted trade.<\/p>\n\n\n\n
“Whilst our Fashion, Beauty, and Home business continues to make steady progress on a number of its strategic priorities, trade was impacted by the weak macro environment, poor availability, and increased competition from the disruptive entry of international online retailers,” Woolworths said.<\/p>\n\n\n\n
This contribution is similar to online food sales, showing that Woolworths’ online penetration is still only between 5% and 6%.<\/p>\n\n\n\n
However, the company said it is consistently seeing online sales growing by over 50% in food, and beauty, home and fashion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Many of the company’s vital business assets saw significant online growth over the past year.<\/p>\n","protected":false},"author":341175,"featured_media":538087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[18],"tags":[76722,96456],"class_list":["post-553085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-woolies-dash","tag-wooworths"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/553085"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341175"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=553085"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/553085\/revisions"}],"predecessor-version":[{"id":553109,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/553085\/revisions\/553109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/538087"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=553085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=553085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=553085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}