Australia's Leading Retailer Woolworths' Sustainability Strategy
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Case Details:
Case Code : BECG087
Case Length : 24 Pages
Period : 2007-2008
Pub Date : 2008
Teaching Note :Not Available
Organization : Woolworths Limited
Industry : Retail
Countries : Australia
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts Contd...
Economic Responsibility
Woolworths experienced significant growth over the years, delivered strong financial results, and strengthened its position in the competitive retail market in Australia. Apart from satisfactory services to customers, it provided high returns to shareholders and wide career opportunities to employees.
For the year ending June 2008, Woolworths' net profit after tax was A$ 1,626.8 million a 25.7 percent increase compared to the previous year. Sales reported a 10.7 percent increase to A$ 47.0 billion...
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Criticism
According to industry experts, Woolworths was a responsible retailer as it addressed several economic, social, and environmental issues in its CSR strategy. The company's sustainability initiatives focused on improving the environmental performance of its stores, technological innovations, growth in shareholders' wealth, and welfare of the community...
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Looking Ahead
Woolworths' sustainability initiatives focused on the
organization's impact on society which included shareholders, customers,
suppliers, and employees. Its sustainability strategy identified opportunities
for improvement and specified commitments and targets to be achieved in the
future...
Exhibits
Exhibit I: Rouse Hill Green Store
Exhibit II: Woolworths' History and Milestones
Exhibit III: Woolworths' Australian Brands
Exhibit IV: Woolworths' Environment Friendly Bags
Exhibit V: Events Sponsored by Woolworths |
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