Operates as an investment holding company with interest in providing retail and financial services
Woolworths Holdings Ltd. operates as an investment holding company.
Its core business focus is the provision of retail and financial services to upper and middle income groups mainly in South Africa; and also in Africa, Australia and New Zealand.
The company currently consists of three operating subsidiaries: Woolworths Proprietary Ltd., Country Road Ltd. and David Jones Ltd., which was acquired on August 1, 2014.
Woolworths Proprietary operates a chain of retail stores, including franchise stores, and offers a selected range of clothing, food, homeware, beauty and financial services under its own brand name in South Africa, Africa and the Middle East.
Country Road offers apparel and homeware in its own retail stores and through concessions in major Australian department stores.
David Jones operates retail Internet departmental stores and also provides financial services.
It operates through the following segments: Woolworths Clothing & General Merchandise; Woolworths Food; Country Road; Woolworths Financial Services; and Woolworths Treasury.
The Woolworths Clothing & General Merchandise segment includes clothing, home ware, beauty and other lifestyle products.
The Woolworths Food segment focuses on offering customers food products.
The Country Road segment operates the retail chain of stores and concession retail outlets offering a range of clothing and home ware under its own brand.
The Woolworths Financial Services segment provides financial product and services to customers, including a credit offering to assist them to purchase merchandise in its Woolworths stores.
The Woolworths Treasury segment engages in cash management activities.
Woolworths Holdings was founded in 1929 and is headquartered in Cape Town, South Africa.