Progressive Enterprises
 | |
| Type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1949 |
| Headquarters | Mangere, Auckland, New Zealand |
| Products | Woolworths, Countdown, Foodtown: |
| Revenue |
 NZ$4,957 million (2008-9) |
| Operating income |
NZ$208 million (2008-9) |
| Employees | 18,000 |
| Parent | Woolworths Limited |
| Website | 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 second largest grocery company in New Zealand (behind Foodstuffs), with a revenue of NZ$4,957 million for the year to June 2009.[1] Alongside Foodstuffs, Progressive Enterprises forms part of the New Zealand supermarket duopoly.
Progressive Enterprises Limited was previously owned by the Western Australian Supermarket Group FAL - Foodland Associated Limited which operated Action Supermarkets, Supa Valu Supermarkets and Dewsons Supermarkets.
Progressive recently bought a 10% share of The Warehouse Group, New Zealand's largest retailer.
History
- 1948: Progressive Enterprises was established in 1949 by the Picot Family
- 1961: Progressive Enterprises became the parent company to Foodtown Supermarkets Limited.
- 1988: Progressive Enterprises became part of Australian business Coles Myer
- 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.[2] The company responded by suspending grocery distribution centre operations and allowing suppliers to send stock directly to supermarkets.[3]
Also in 2006, the company was awarded the Roger Award For The Worst Transnational Corporation Operating in New Zealand.
On 15 August 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 which in some cases can be up to an 80% pay increase. The average pay is around $13.50 from $9.00.
Store brands
Progressive runs the following grocery store chains:
- Countdown: 166 supermarket stores
- SuperValue: 41 stores - convenience supermarket stores, run as a franchise
- Freshchoice: 16 stores - Higher quality supermarket with a large range, run as a franchise
It operates online grocery shopping in the name of Countdown. [4]
The Woolworths and Foodtown brands were phased out in early 2012.[5] In August 2011, Progressive won a prestigious NZ Marketing award.[6]
Former store brands
- Gubays
- 3 Guys
- Big Fresh
- Price Chopper
- Georgie Pie
- Foodtown
- Woolworths
Product brands
- Woolworths Select
- Home Brand
- Signature Range
- Naytura
- Freefrom
- FreshZone
Former product brands
- Basics
- No Frills
See also
- 2006 Progressive Enterprises dispute (pay dispute resulting in industrial action at several distribution centres)
References
- ↑ "Woolworths Final Results Presentation FY09". Retrieved 2009-10-15.
- ↑ Business & Money
- ↑ Business & Money
- ↑ Countdown Online Shopping
- ↑ "Foodtown, Woolworths brands on way out". The New Zealand Herald. 21 September 2009. Retrieved 4 November 2011.
- ↑ http://www.nzmarketingawards.co.nz/Home
External links
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