Progressive Enterprises
From Wikipedia, the free encyclopedia
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| Type | Limited liability company |
|---|---|
| Founded | 1949 |
| Headquarters | Mangere, Auckland, New Zealand |
| Industry | Retail |
| Revenue | ▲ NZ$4,957,000,000 (2008-9) |
| Operating income | ▲ NZ$208,100,000 (2008-9) |
| Employees | 18,000 |
| Parent | Woolworths Limited |
| Website | http://www.progressive.co.nz/ |
Progressive Enterprises Limited is an Australian owned company operating in New Zealand, and a subsidiary of the Australian retail group Woolworths Limited.
Progressive Enterprises is New Zealand's largest single grocery company in New Zealand, with a revenue of NZ$4,957 million for the year to June 2009[1]. With a 42% market share[2], is New Zealand's largest-equal grocer, and along with the conglomerate rival grocer Foodstuffs, it forms part of the New Zealand supermarket duopoly.
Progressive has recently managed to buy a 10% share of New Zealand's largest retailer, The Warehouse.
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[edit] History
- 1948: Progressive Enterprises was established in 1949 by the Picot Family
- 1961: Progressive Enterprises became the parent company to Foodtown Supermarkets Limited.
- 1992: Coles Myer relaunched Progressive Enterprises onto the New Zealand stock exchange as a public company.
On 25 May 2005 it was announced that Woolworths Limited, one of Australia's largest retailers, would be purchasing Progressive along with 22 Action stores in Australia. The deal was worth approximately NZ$2.5 billion and culminated in the official transfer of assets on 24 November 2005.
In 2006, company workers at three distribution centres initiated industrial action in an attempt to win a collective employment agreement and pay rise.[3] The company responded by suspending grocery distribution centre operations and allowing suppliers to send stock directly to supermarkets.[4]
Also in 2006, the company was awarded the Roger Award For The Worst Transnational Corporation Operating in New Zealand.
On 15 Aug 2007 it was announced that all Progressive Enterprises employees on youth rates or under the age of 18 will now all get paid adult rates with in some cases can be up to an 80% pay increase. The average pay is around $13.50 from $9.00
[edit] Store Brands
Progressive runs the following grocery store chains:
- Woolworths: 49 supermarket stores nationwide
- Countdown: 75 discounter supermarket stores, including a number of rebranded "Big Fresh" stores following the Progressive takeover of Woolworths Supermarkets NZ
- Foodtown: 26 supermarket stores across the upper North Island.
- Woolworths @ Gull 22 Woolworths Quickstop and Micro Stores[5]
It operates internet grocery stores in the name of Woolworths Home Shopping[6] and Foodtown Online.[7]
The Woolworth's and Foodtown brands are currently being phased out of the New Zealand market. Existing stores are being re-branded as Countdown stores [8].
[edit] Former Store Brands
[edit] Product Brands
- Woolworths Select
- Home Brand
- Signature Range
- Naytura
- Freefrom
[edit] Former Product Brands
- Basics
- No Frills
[edit] See also
- 2006 Progressive Enterprises dispute (pay dispute resulting in industrial action at several distribution centres)
[edit] References
- ^ "Woolworths Final Results Presentation FY09". http://media.corporate-ir.net/media_files/irol/14/144044/fy00presentation.pdf. Retrieved 2009-10-15.
- ^ "Fact File - Progressive Enterprises". http://www.progressive.co.nz/about_us/fact_file/index.asp.
- ^ Business & Money
- ^ Business & Money
- ^ "Progressive Enterprises". http://www.progressive.co.nz/our-company/progressive-enterprises. Retrieved 26 November 2009.
- ^ Online Shopping Grocery Store - Free Recipes - Woolworths Online Supermarket New Zealand
- ^ Online Food Shopping - Online Food Recipes - Foodtown Online Supermarket New Zealand
- ^ http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10598704
"Supermarket workers vote on strike" NewstalkZB/XtraMSN, August 26, 2006, retrieved August 29, 2006
"Supermarket suspends distribution centres" NewstalkZB/XtraMSN, August 29, 2006, retrieved August 29, 2006
[edit] External links
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