Woolworths Limited (ASX: WOW) Share Price and News

Woolworths Group Limited (WOW) is an Australian retail group operating primarily in the supermarket sector. Woolworths’ other operations include discount department stores, home improvement, petrol and hotels.

Woolworths is one of Australia’s most recognisable brands, and the Woolworths Group also includes a number of other well-known household names, such as BIG W, BWS and Dan Murphy’s.

Founded in 1924, Woolworths shares first listed in 1993 and the group is now one of the largest listed companies on the ASX. Woolworths shares are often referred to as defensive shares, as the Woolworths share price has a potential buffer against economic downturn given the nature of its primary business activities – even in an economic downturn, there is still demand for food, toiletries and other essentials.