Fresh Choice Supermarkets

Progressive Enterprises
Subsidiary
Industry Retail
Founded 1949 (1949)
Headquarters Mangere, Auckland, New Zealand
Products Woolworths, Countdown, Foodtown:
Revenue Increase NZ$4,957 million (2008-9)
Operating income Increase NZ$208 million (2008-9)
Employees 18,000
Parent Woolworths Limited
Website

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

Product brands

  • Woolworths Select
  • Home Brand
  • Signature Range
  • Naytura
  • Freefrom
  • FreshZone

Former product brands

  • Basics
  • No Frills

See also

References

External links

  • Progressive Enterprises Limited
  • Press release - Woolworths acquisition
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.