Woolworths shows positive signs despite sales dip

Woolworths, the high street retailer, is showing signs of a turnaround despite reporting sluggish results. It reported a 0.6% decline in like-for-like sales for the 17 weeks to June 2 but it is an improvement on the 6.7% drop in sales it reported last year.

It reported an 11.4% increase in total group sales for the retail, entertainment wholesale and publishing businesses compared to a 0.4% last year. It is expecting total sales for its entertainment wholesale business to exceed £1.5bn this year.

The company has launched a number of new products in recent months including an online travel service and its Worth It value range in a bid to beat off increasing competition from the supermarkets.

Woolworths’ group chairman Gerald Corbett says despite a solid start to the year the company was approaching the second half with a degree of caution because “it is difficult to predict the retail environment going forward.”

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here