Woolworths bins MyDeal amid stiff online competition

Woolworths to pay $100 million to shut down failing online marketplace MyDeal

Woolworths will pay $100 million to shut down the online marketplace MyDeal to reduce its losses and focus on more profitable parts of the business.The supermarket giant earlier this year announced an assessment into unprofitable and low-return parts of its operations.Following that review, Woolworths today confirmed it will close the MyDeal website on September 30 and shift its attention to Big W Market and Everyday Market.READ MORE: Crackdo…

Woolworths to shut MyDeal in major pay day for founders

Just three years after buying a majority stake in loss-making MyDeal, the grocery giant has flagged its closure amid stiff competition.

Woolworths bins MyDeal amid stiff online competition

Woolworths says it intends to focus on online marketplaces it has built into its Woolworths.com.au and BigW.com.au websites...

Woolworths to close MyDeal website to reduce MarketPlus losses

Australian supermarket chain Woolworths Group has confirmed its plan to shut down the MyDeal customer website by 30 September 2025 to reduce MarketPlus operating losses.The post Woolworths to close MyDeal website to reduce MarketPlus losses appeared first on Retail Insight Network.

Woolworths to close MyDeal, move "best deals" to Big W

Woolworths Group will close MyDeal to focus on its digital Big W and supermarket operations, three years after acquiring a controlling stake in the $243 million online marketplace. The post Woolworths to close MyDeal, move “best deals” to Big W appeared first on SmartCompany.