Coles CEO Leah Weckert has confirmed a decrease in requests from food and grocery suppliers for price hikes to counter the impact of high inflation. This suggests that Coles may soon lower its prices, responding to both consumer demands and political scrutiny regarding its market dominance. Recent reports revealed that Coles had urged some suppliers […]
In a recent announcement, Coles’ CEO Leah Weckert has revealed exciting news for savvy shoppers on a budget. She predicts more discounts and special offers to come at Coles, as the company’s research indicates that many customers are feeling the pinch, especially with mortgage repayments. Despite Coles Group reporting an 8.4% drop in net profit
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
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
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.
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
Woolworths and Coles have reduced the prices of red meat products for consumers while defending their payment rates to farmers. This comes as former Australian Competition and Consumer Commission (ACCC) chairman Allan Fels, who was chosen by unions to investigate allegations of price gouging, called for a competition watchdog inquiry into the major supermarket chains.
Coles has announced it will continue to sell “Australian-themed” items in January, following Woolworths’ decision to cease Australia Day merchandise due to diminishing demand and the ongoing debate about the significance of January 26. Woolworths’ move, which includes its subsidiary Big W, reflects a drop in customer interest and the evolving discourse around Australia Day.
Coles has issued an apology for prematurely increasing the prices of 20 items that were part of a price lock promotion and is now offering refunds to the numerous customers impacted. The price hike affected items like cornflakes, pregnancy tests, dishwashing tablets, chopped tomatoes, and barbecue briquettes, which had been advertised with stable prices to
Metcash, the operator of IGA supermarkets, is strategising to become Australia’s preferred supermarket by focusing on reducing prices in its smaller and medium-sized stores. This move aims to attract value shoppers and intensify competition with major rivals Woolworths and Coles. Doug Jones, Metcash’s CEO, is determined to change the perception that IGA stores are pricier
The Australian supermarkets Coles and Woolworths have been cautioned against raising prices before Christmas. This warning comes as they are set to face a Senate inquiry, a demand made by the Greens. The inquiry, announced by Greens senator Nick McKim, aims to investigate these supermarkets’ price-gouging allegations. McKim emphasised the importance of the inquiry in
Uber Eats is introducing a new policy requiring a minimum spend for grocery deliveries. Orders under $10 will incur a $2.99 fee. This additional charge will be added to existing delivery and service fees, which starts next week. However, this does not apply to takeaway orders from cafes and restaurants. The charge is specifically for
Consumer advocacy group CHOICE has publicly criticised Coles and Woolworths, two major supermarket chains, for taking advantage of the current cost-of-living crisis. This rebuke was made as part of CHOICE’s 18th annual Shonky Awards, which aim to highlight the most subpar products and services identified by the organisation over the past year. The recipients of