Untitled - Countdown

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Our Business 1958 First Foodtown supermarket opened. 159 Countdown supermarkets nationwide. 1 8New Countdown stores this year. 2 Our supermarkets are high volume, low margin businesses. We make our profits by selling large amounts of grocery items at low prices. In recent years, we’ve been able to grow our profitability and many people mistakenly assume that we must be either raising prices at the checkout or reducing the amount we pay our suppliers. In reality, we’ve been focused on improving our efficiency levels and reducing our waste, which add up to significant gains. These savings are then reinvested into the business by lowering prices for customers and improving our stores. Cost of goods sold 77.36% Cost of doing business 3 17.93% Earnings Before Interest and Tax 4.71% TOTal revenue $5,367,076,000 Source Woolworths Annual Report 2011 Notes 1 As at 31 May 2012. 2 FY 2012. 3 Includes paying staff, running stores, energy, rent, IT etc.
Operations Countdown is one of New Zealand’s leading supermarket operators, serving more than 2.5 million New Zealanders each week. We’re committed to providing our customers with choice, value and convenience, so they’ll enjoy the best overall shopping experience. It requires smart organisation and committed effort behind the scenes to give our customers a choice of more than 20,000 different products in each of our stores. To achieve this, our in-store teams are supported by four dry grocery distribution centres, three fresh produce distribution centres, three chilled and frozen distribution centres, two meat processing plants, one seafood processing plant and a central support office. 18,423 team members support our stores every day. Moving products from these hubs to our stores means our drivers have to travel more than 17 million kilometres per year, making over 250,000 deliveries to keep our stores stocked. Suppliers Countdown works with over 800 food producers and suppliers throughout New Zealand. We value the relationships we have with our New Zealand suppliers, many of whom have been working with us for decades. We abide by voluntary codes of conduct that promote fair trading practices and better business relationships.
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Untitled - Countdown

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