Woolworths Limited Guide, Meaning , Facts, Information and Description
Woolworths Limited is a large Australian retail corporation. It operates in Australia and New Zealand only:
- The Woolworths chain of supermarkets in Australia (all Australian states except Victoria)
- The Safeway chain of supermarkets in Australia (Victoria only)
- The BigW department store chain
- Dick Smith Electronics and Tandy Electronics consumer electronics chains in Australia
- Woolworths Liquor liquor stores
- The Dan Murphys chain of Liquor stores in Victoria
- Woolworths Plus Petrol petrol stations
- Woolworths EzyBanking (jointly with the Commonwealth Bank of Australia)
- GreenGrocer.com.au, an online fruit and vegetable retailer
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Company History
Woolworths opened its first store, the Woolworths Stupendous Bargain Basement in the old Imperial Arcade in Pitt Street, Sydney on December 5, 1924. Its nominal capital was just 25,000 pounds (approximately 70,000 Australian dollars today) and the initial share offer attracted 34 people, including the 5 founders - Percy Christmas, Stanley Edward Chatterton, Cecil Scott Waine, George William Percival Creed and Ernest Robert Williams. The name on the draft prospectus drawn up by Cecil Scott Waine was "Wallworths Bazaar" - a play on the FW Woolworths name (the owner of the Woolworths chain in the US and UK). However, according to Ernest Robert Williams, Percy Christmas dared him to register the name Woolworths instead, which he succeeded in doing after finding out the name was available for use in New South Wales. Accordingly, the Woolworths Limited in Australia has no other historical relation to the FW Woolworths Company in the USA.
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