The Woolworths Group Ltd (ASX: WOW) share price is climbing higher today, despite the company temporarily closing one of its Sydney stores.
Woolworths’ Glenrose supermarket, located in Sydney’s northern suburbs, will be closed for an indetermined amount of time after 3 Woolworths employees and a contractor were confirmed to have COVID-19.
The Woolworths share price hasn’t been noticeably affected by the news. It’s currently $39.39 – 0.56% higher than its previous closing price.
Let’s take a closer look at today’s news from Woolworths.
Glenrose supermarket closed
The Woolworths share price is performing well despite the company temporarily closing its Glenrose supermarket after 4 workers tested positive to COVID-19 between Tuesday and Thursday.
According to Woolworths, the closure follows consultation from NSW Health.
Woolworths hasn’t stated when the store will reopen. However, it said it is currently waiting for more of its staff to receive results from COVID-19 testing.
Woolworths is taking the opportunity to give the store an additional deep clean.
Employees will be paid for their rostered shifts while the store is shut.
Woolworths will also be providing a Priority Assistance service. The service means people in mandatory isolation due to age or underlying health conditions can get groceries delivered sooner.
Commentary from management
Woolworths’ general manager for NSW Michael Mackenzie said of the closure:
There have been a number of positive cases and exposure sites listed within the Glenrose Village Shopping Centre in recent days.
While we understand the closure will be frustrating for many in the community, the safety of our team members and customers always comes first.
Woolworths share price snapshot
The Woolworths share price has been tracking well on the ASX lately.
It has gained 16% since the start of 2021. It is also 20% higher than it was this time last year.
The company has a market capitalisation of around $49.6 billion, with approximately 1.2 billion shares outstanding.
The post Woolworths (ASX:WOW) store closes after staff contract COVID-19 appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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