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Woolworths stores may shrink slowly in the coming years, while the supermarket giant focuses on online sales and same-day delivery

& # 39; We fully expect them to shrink & # 39 ;: the Woolworth CEO reveals why supermarket chain stores are becoming SMALLER despite rising profits

  • Woolworth's boss Brad Banducci admitted that he expected stores to shrink
  • Change comes as the focus grows on online shopping and same-day deliveries
  • Supermarket Giant announced record sales of $ 60 billion and a profit of $ 1.7 billion
  • Online sales reached $ 1.4 billion and overshadowed Coles figures at $ 1.1 billion
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Woolworths stores can shrink slowly in the coming years, while the supermarket giant focuses on online sales and same-day delivery.

Supermarket manager Brad Banducci pointed out that customers were increasingly ordering via the internet and expecting immediate deliveries.

& # 39; We believe the future is on the same day (delivery), & # 39; said Mr. Banducci news.com.

Woolworths recently announced a record sale of $ 60 billion and a profit of $ 1.7 billion to start.

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Woolworths stores may shrink slowly in the coming years, while the supermarket giant focuses on online sales and same-day delivery

Woolworths stores may shrink slowly in the coming years, while the supermarket giant focuses on online sales and same-day delivery

Supermarket manager Brad Banducci pointed out that customers were increasingly ordering via the internet and expecting immediate deliveries

Supermarket manager Brad Banducci pointed out that customers were increasingly ordering via the internet and expecting immediate deliveries

Supermarket manager Brad Banducci pointed out that customers were increasingly ordering via the internet and expecting immediate deliveries

The supermarket giant even surpassed Coles with an online sale of $ 1.4 billion, well above its competitor, which saw only $ 1.1 billion.

& # 39; It's no longer a start-up – it's a core part of what we're doing now & # 39 ;, said Mr. Banducci.

Despite almost 30 percent growth in online sales, in-store shopping is still more profitable than surfing the web.

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Woolworths currently offers to deliver his groceries to the customer's home in just 90 minutes, although the delivery costs can cost a hefty $ 19 price tag.

To meet the growing demand for deliveries, Woolworths has launched & # 39; dark stores & # 39 ;.

Unlike the general supermarkets that are open to the public, the new brand of stores is closed and only for employees.

An order is sent and packaged before it is finally sent to the customer.

Mr Banducci said that Woolworths had shifted its activities.

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& # 39; We have taken action to remove general merch (andise) from the stores, more often with more space behind the house to facilitate the e-commerce part, and we fully expect them to shrink, & # 39; he said..

Woolworths has already signed a deal with the American company Taekoff Technologies to build automated packaging centers at the back of three of its supermarkets.

The machines replace manual labor and process online orders from customers and package their groceries.

"At Woolworths, we continue to look for ways to improve our customers' online experience, in particular the speed with which we make orders available to them," said Banducci.

The supermarket giant even surpassed Coles with an online sale of $ 1.4 billion, well above its competitor who saw only $ 1.1 billion (stock image)

The supermarket giant even surpassed Coles with an online sale of $ 1.4 billion, well above its competitor who saw only $ 1.1 billion (stock image)

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The supermarket giant even surpassed Coles with an online sale of $ 1.4 billion, well above its competitor who saw only $ 1.1 billion (stock image)

Despite almost 30 percent growth in online sales, in-store shopping is still more profitable than surfing the web (stock image)

Despite almost 30 percent growth in online sales, in-store shopping is still more profitable than surfing the web (stock image)

Despite almost 30 percent growth in online sales, in-store shopping is still more profitable than surfing the web (stock image)

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