10 Things you should know about Woolworths

Woolworths is a brand founded by Percy Christmas, Stanley Chatterton, Cecil Scott Waine, George Creed and Ernest Williams. Here are 10 Things you should know about Woolworths.

1. Woolworths is an Australian chain of supermarkets and grocery stores owned by Woolworths Group.
2. Woolworths was founded in 1924.
3. Woolworths along with Coles forms a near-duopoly of Australian supermarkets, accounting for about 80% of the Australian market.
4. Woolworths specialises in groceries but also sells magazines, DVDs, health and beauty products, household products, pet and baby supplies, and stationery.
5. As of August 2019, there were 981 Woolworths supermarkets and 43 Woolworths Metro convenience stores.
6. Woolworths Limited was founded by five Australian entrepreneurs being, Percy Christmas, Stanley Chatterton, Cecil Scott Waine, George Creed and Ernest Williams.
7. The first store was opened on 5 December 1924 in Pitt Street of Sydney’s Imperial Arcade, called “Woolworths Stupendous Bargain Basement”.
8. Consumer interest in the company grew after December 1924, as more branches of the store were established across Australia.
9. Woolworths stores began selling a variety of goods, claiming the lowest prices as well as money back guarantees.
10. At the forefront of innovation in Australia, Woolworths stores became the first variety store in the world to install receipt printing cash register machines in 1926.