The Australian Competition and Consumer Commission (ACCC) has taken a firm stance in the ongoing debate regarding the market influence and pricing strategies of major supermarket chains Woolworths and Coles. In a submission to the Greens-led Senate inquiry, the ACCC advocates for the implementation of measures to address unfair trading practices and a reform of […]
ACCC Submits to Senate Inquiry on Supermarkets Read More »
Woolworths CEO Brad Banducci has acknowledged several mistakes and miscommunications during his tenure, including mishandled announcements and the improper labelling of former ACCC boss Rod Sims as “retired.” He has expressed regret and announced his planned retirement from one of Australia’s most challenging corporate roles. With ongoing scrutiny from both political and community fronts on
Woolworths CEO Brad Banducci Announces Retirement Amid Challenges Read More »
In the heart of bustling inner-city suburbs, a transformation is quietly taking place. The familiar landscape of sprawling supermarkets is evolving into something more tailored, more boutique — meet the rise of the “metro” or “local” grocery stores. These new iterations, often bearing the Woolworths or Coles brand, are smaller in size but big on
The Changing Face of Inner-City Supermarkets Read More »
Coles Supermarkets has been found profiting from increased prices at the checkout, despite claiming to prioritise keeping grocery bills low. Leaked emails have shed light on Coles’ tactics with suppliers seeking price hikes and its exploitation of inflation. This isn’t an isolated incident. Industry insiders reveal that Woolworths has also engaged in similar practices over
Leaked Emails Reveal Coles and Woolworths Profiting from Price Increases Read More »
In a recent television interview, Woolworths CEO Brad Banducci found himself in a heated exchange over the soaring prices of groceries, prompting an unexpected storm-out. The interview, part of a Four Corners episode delving into the company’s pricing strategies, saw Banducci facing tough questions about Australia’s supermarket landscape. When asked about Australia potentially having the
Woolworths CEO’s Dramatic TV Interview: Sparks Fly Over Grocery Prices Read More »
In commerce, the voice of experience often resonates with authority, shedding light on intricate dynamics that evade the casual observer. Ralph Waters, former chairman of Woolworths, Australia’s retail titan, emerges from the shadows of corporate silence to deliver a resounding verdict on the storm brewing around supermarket pricing. With a tenure spanning from 2011 to
Former Woolworths Chairman Unveils ‘Truth’ on Supermarket Price Gouging Debate Read More »
The authoritative voice of the Australian Food and Grocery Council resonates with urgency as it highlights the mounting pressures facing the $144 billion food and grocery manufacturing sector. In the face of relentless demands from major supermarket chains to slash prices, the council’s chief executive, Tanya Barden, stands firm in defence of the sector’s profitability
Suppliers Warn Against Coles Price Cuts Read More »
In the labyrinthine world of retail, where the delicate balance between supply and demand dictates the rhythm of commerce, Coles steps forward with an unvarnished truth: surging supplier demands are driving up shelf prices. With a staggering 1101 requests bombarding its gates, Coles pulls back the curtain on the intricate dynamics shaping the industry’s landscape.
Coles’ Candid Acknowledgment of Rising Shelf Prices Read More »
The leader of Mondelez, one of the world’s major supermarket suppliers and the owner of Cadbury, has rejected claims of price gouging by Woolworths and Coles in Australia. Mondelez Australia’s CEO, Darren O’Brien, argues that much of the negative criticism against these retail giants is based on emotions rather than concrete evidence of a dysfunctional
Mondelez CEO Defends Woolworths and Coles Against Price Gouging Claims Read More »
In a move to address the pressing concerns surrounding Australia’s food and grocery industry, the government has embarked on a mission to fortify the nation’s supermarket giants with a more robust regulatory framework. The catalyst for this transformation is a government-commissioned review led by former Labor competition minister and renowned economist Dr Craig Emerson, who
Transforming Australia’s Grocery Regulations for Fair Competition Read More »
In a resounding display of environmental stewardship, one of Australia’s largest supermarket chains has initiated a transformative shift within the dairy aisle that could potentially set a precedent for the entire industry. Woolworths, an iconic name in the nation’s grocery landscape, took a decisive step towards sustainability in 2023 by bidding adieu to coloured milk
Revolutionising Recycling: Woolworths Paves the Way with Clear Milk Caps Read More »
Metcash, a prominent player in the Australian retail landscape, has made a resounding move that reverberated through the business world. The conglomerate, renowned for owning supermarket giants such as IGA and Foodland, alongside convenience champion Campbells/C-Store, has entered a trading halt. This dramatic pause in its financial activities comes as the company confirms its engagement
Metcash in Talks to Acquire Superior Food Group Read More »
In a respite for consumers and a challenge to the political push against alleged price gouging by supermarket giants, price cuts on popular groceries have played a pivotal role in curbing inflation in Australia. The latest data from the Australian Bureau of Statistics (ABS) reveals that a drop in grocery prices has contributed to a
Declining Grocery Prices Undermine Stricter Regulation Read More »
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