Latest news with #WoolworthsGroup
1News
20 hours ago
- Health
- 1News
'Don't eat it': Woolworths recalls beef mince batches in North Island
Woolworths has issued a recall of 18% fat beef mince products sold in the North Island due to the possible plastic contamination in certain batches. The recall affected 500g and 1kg packages of Woolworths-branded 18% Fat Beef Mince with a best-before date of July 5, 2025. The packages were sold at Woolworths and Countdown stores across the North Island. "There have been no reports of illness or injury, however, anyone who has consumed any of these products and has any concerns about their health, should seek medical advice," a spokesperson for the Woolworths Group said. New Zealand Food Safety deputy director-general Vincent Arbuckle said the affected mince "may contain blue plastic" and warned consumers against eating it. ADVERTISEMENT The morning's headlines in 90 seconds, including Australia's weather bomb, the surprising costs of getting one more dog, and BTS are back. (Source: 1News) "If you have any of this mince ... don't eat it. You can return it to the place of purchase for a refund. If that's not possible, throw it out," he said. "They have been removed from store shelves and have not been exported." A Woolworths spokesperson added that the Australian supermarket giant took "food safety very seriously and apologised to customers for the inconvenience". The recall did not affect any other beef products sold, according to Woolworths. The Ministry for Primary Industries typically handled grocery recalls through its New Zealand Food Safety division. "As is our usual practice, New Zealand Food Safety will work with Woolworths to understand how this happened and prevent its recurrence," Arbuckle said.
Yahoo
5 days ago
- Business
- Yahoo
Woolworths to close MyDeal website to reduce MarketPlus losses
Australian supermarket chain Woolworths Group has confirmed its plan to shut down the MyDeal customer website by 30 September 2025 to reduce MarketPlus operating losses. The company aims to consolidate its retail marketplace offerings into BIG W Market and Everyday Market, accessible through This move is intended to cater to the extended product range needs of BIG W and Woolworths shoppers while capitalising on the increasing visitor numbers on its current online platforms. Woolworths Group CEO Amanda Bardwell said: 'MyDeal has brought marketplace expertise and leading technology to the group's marketplace platform, Woolworths MarketPlus, enabling rapid GMV [gross merchandise value] growth. "However, given the intensely competitive environment and the superior economics of marketplaces integrated into retail brands, we have made the decision to close the MyDeal customer website. "The closure of MyDeal will lead to a meaningful reduction in Woolworths MarketPlus operating losses once completed.' The company expects the cash cost of the closure to range between A$90m ($58.8m) and A$100m. This includes a payment for the 'remaining outside equity under existing put and call arrangements' and costs associated with redundancies. Noncash costs will predominantly consist of an estimated A$45m impairment of MyDeal's assets. Woolworths Group plans to provide a detailed update on the one-off costs related to the MyDeal shutdown during its financial year 2025 (FY25) results presentation in August. Woolworths entered into an agreement to acquire an 80% stake in MyDeal in May 2022, with the deal finalising in September of the same year. The acquisition was part of Woolworths' strategy to strengthen its position in the competitive online retail market, where it faced giants such as However, MyDeal has encountered challenges, including a cybersecurity incident since late September 2022, compromising personal information such as the email addresses, phone numbers, and delivery addresses of approximately 2.2 million customers, reported Reuters. Bardwell added: 'Woolworths MarketPlus will continue to leverage the MyDeal technology platform, seller relationships and capabilities to grow the group's BIG W Market and Everyday Market retail banners. "We would like to thank Sean Senvirtne and the MyDeal team for their hard work and contribution to Woolworths Group in establishing Woolworths MarketPlus.' Woolworths reported net sales of A$17.31bn for the third quarter of FY25. In April, Woolworths' acquisition of Beak & Johnston received approval from the Australian Competition and Consumer Commission. "Woolworths to close MyDeal website to reduce MarketPlus losses" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Sky News AU
6 days ago
- Business
- Sky News AU
Woolworths Groups faces $100m blow as it shuts major online retailer MyDeal after purchasing it just three years ago
Woolworths Group will spend upwards of $100 million to shut down its customer website MyDeal just three years after purchasing an 80 per cent stake in it. The nation's largest grocer on Friday revealed it will axe the online marketplace to grow its Big W Market and Everyday Market sites. Woolworths Group's chief executive Amanda Bardwell said the decision to close MyDeal follows a warning to investors in February that the company was assessing its portfolio to crackdown on unprofitable parts of the business. 'MyDeal has brought marketplace expertise and leading technology to the Group's marketplace platform, Woolworths MarketPlus, enabling rapid (gross merchandise value) growth,' Ms Bardwell told shareholders. 'However, given the intensely competitive environment and the superior economics of marketplaces integrated into retail brands, we have made the decision to close the MyDeal customer website. 'The closure of MyDeal will lead to a meaningful reduction in Woolworths MarketPlus operating losses once completed.' She said Woolworths will continue to use MyDeal's platform, assets and relationships for Big W Market and Everyday Market. The closure is expected to cost Woolworths between $90m and $100m. This money will mainly go to buyout the stakes of the founders alongside redundancies for outgoing employees. Woolworths will report a further $45m from the loss of MyDeal's assets through the closure. RBC Capital Markets analyst Michael Toner praised Woolworths' decision as the online retailer struggled to turn a profit. 'We view this as a positive, albeit incremental, step towards portfolio simplification as MyDeal had no near-term path to profitability,' Mr Toner said in a statement. Woolworths valued the once-ASX listed MyDeal at $243m when it purchased the retailer in 2022. MyDeal will be closed by September 30, but most of the staff will move within Woolworths Group, the company said. Wesfarmers similarly shut down its online retailer Catch Group earlier this year and cited tough competition from giants such as Temu and Amazon. Woolworths' share price has shed 1.1 per cent as of about 1pm Friday after informing shareholders of its plans to dump MyDeal. The company is down more than eight per cent over the past 12 months.
Daily Mail
6 days ago
- Business
- Daily Mail
BREAKING NEWS Woolworths to close major online retailer at a cost of $100million - what you need to know
Woolworths will close online retail marketplace MyDeal at an estimated cost of $100million to improve the supermarket giant's profitability. The marketplace, which offers a wide range of home and lifestyle products, was founded by entrepreneur Sean Senvirtne in 2011. It was acquired by the Woolworths Group in September 2022. Woolworths Group chief executive Amanda Bardwell said the decision to close MyDeal had been made following a strategic review into its profitability. 'MyDeal has brought marketplace expertise and leading technology to the Group's marketplace platform, Woolworths MarketPlus, enabling rapid GMV growth,' she said. 'However, given the intensely competitive environment and the superior economics of marketplaces integrated into retail brands, we have made the decision to close the MyDeal customer website.' More to come.
News.com.au
6 days ago
- Business
- News.com.au
MyDeal marketplace closure to cost Woolworths up to $100m
Woolworths will close online retailer MyDeal on September 30 to instead put its efforts into other businesses, including Big W Market and Everyday Market. In an announcement to the ASX, Woolworths estimates the cost of closing the online business will be between $90m and $100m including payments for outstanding equity and staff redundancies. This ends the online marketplace after more than a decade in business, having started back in 2011 before being acquired by Woolworths in September 2022. Woolworths Group chief executive Amanda Bardwell said Friday's announcement followed a strategic review into MyDeal's profitability. 'MyDeal has brought marketplace expertise and leading technology to the Group's marketplace platform, Woolworths MarketPlus, enabling rapid GMV growth,' she said. 'However, given the intensely competitive environment and the superior economics of marketplaces integrated into retail brands, we have made the decision to close the MyDeal customer website.' Ms Bardwell said MyDeal's closure, once completed, would lead to a meaningful reduction in Woolworths MarketPlus operating losses. Woolworths closing MyDeal follows rival Wesfarmers announcing the closure of its online retailer Catch at the start of the year. Catch was shut down amid spiralling losses as it faced growing competition from sites such as Temu and Shein. The company's last day of trading was April 30, 2025.
