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Author name: Kath Chan

Brad Banducci

The Senate Supermarket Inquiry has Presented 14 Recommendations

News /

Woolworths’ CEO Brad Banducci recently came under fire during a tense Senate inquiry session, but despite the heated discussions, he will not face any legal repercussions or jail time. This decision comes amidst a broader push by a Greens-led Senate committee, which has strongly critiqued the dominance of major supermarket chains like Woolworths and Coles […]

The Senate Supermarket Inquiry has Presented 14 Recommendations Read More »

Brad Banducci

Departing CEO Brad Banducci concedes that Woolworths was “out-traded” by Coles

News /

Woolworths CEO Brad Banducci recently acknowledged that competitor Coles had outperformed his company during the last quarter. Woolworths faced challenges like unpopular promotions, supply chain disruptions, and cautious consumer spending habits, leading to lower-than-expected sales. This widened the gap between Woolworths and Coles and missed analysts’ predictions. Banducci, who will soon step down, leaves behind

Departing CEO Brad Banducci concedes that Woolworths was “out-traded” by Coles Read More »

boycott

Cash Advocates Rally: Australians Urged to Boycott Major Retailers

News /

A powerful coalition of cash advocates, with over 50,000 members, is urging Australians to boycott Coles and Woolworths stores nationwide due to their payment policies. On Saturday, members of the Call out Cashless Businesses Facebook group issued a compelling plea for consumers to avoid these retail giants and instead support local family-owned businesses. Supporters rally

Cash Advocates Rally: Australians Urged to Boycott Major Retailers Read More »

metcash

Metcash’s proposed acquisition of Superior Food Services not opposed

News /

The ACCC will not oppose Metcash Trading Limited’s (Metcash) (ASX:MTS) proposed acquisition of wholesale food distributor SFG Group Holdings Pty Ltd, trading as Superior Food Services (Superior). Superior purchases a wide range of food products from suppliers and distributes them to food service businesses such as restaurants, cafes, hotels and clubs, petrol and convenience stores,

Metcash’s proposed acquisition of Superior Food Services not opposed Read More »

Dairy Farmers

Dairy Farmers Demand Tougher Rules to Stop Supermarket Bullying

News /

Queensland’s dairy industry is in crisis, and farmers say stronger laws are needed to stop supermarket tactics that drive down milk prices unfairly. Once a dairy powerhouse, Queensland must import about half its fresh milk supply. Dairy farmers are leaving the industry at twice the national rate. At a recent inquiry into supermarket pricing, dairy

Dairy Farmers Demand Tougher Rules to Stop Supermarket Bullying Read More »

Coles

Coles Supermarkets Sees Sales Growth Thanks to Smart Campaigns

News /

Coles has reported impressive sales figures for its supermarkets, with a 5.1% increase in revenue over the last quarter. The retail giant credits this growth to well-planned seasonal campaigns and the expansion of its own product lines. In its latest quarterly sales update released on Tuesday, Coles revealed that its supermarket revenue hit an impressive

Coles Supermarkets Sees Sales Growth Thanks to Smart Campaigns Read More »

misleading

Supermarkets Under Fire for Misleading Discount Deals

News /

Australia’s leading supermarkets are under scrutiny for potentially misleading shoppers with promotional offers that may not deliver the discounts they promise. A study by consumer advocacy group Choice found that one in four shoppers struggle to discern whether a supermarket label indicates a genuine price reduction. Over 1000 consumers nationwide participated in the research, which

Supermarkets Under Fire for Misleading Discount Deals Read More »

woolworths

Woolworths Faces Margin Pressure in Battle Against Coles

News /

Woolworths faces a potential squeeze on its profit margins as it takes action to compete with its smaller rival, Coles. Coles has recently been outpacing Woolworths in terms of sales and market share growth, marking a shift in the competitive landscape. Despite this, Coles still trails behind Woolworths regarding food division profits. Analysts have noted

Woolworths Faces Margin Pressure in Battle Against Coles Read More »

woolworths

Woolworths acknowledges underpaying employees by $1.24 million

News /

Woolworths’ turbulent week has plunged it into even deeper trouble. First, its CEO, Brad Banducci, faced potential jail time for refusing to answer questions in a Senate inquiry on supermarket price gouging. Now, the company has admitted in a Melbourne court that it didn’t properly pay long service leave to over 1,200 former employees in

Woolworths acknowledges underpaying employees by $1.24 million Read More »

land banking

Metcash: Woolworths and Coles Accused of Land Banking

News /

In the ongoing Senate inquiry into supermarket prices, it has come to light that Australia’s dominant supermarket players, Woolworths and Coles, have been utilising a legal yet under-the-radar tactic known as “land banking” to stifle competition from independent grocers. Essentially, they acquire property or undeveloped land and hold onto it, leveraging their market dominance to

Metcash: Woolworths and Coles Accused of Land Banking Read More »

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