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price gouging

Brad Banducci

Woolworths CEO Brad Banducci appears at South Australian grocery price inquiry

News /

According to CEO Brad Banducci, Woolworths, a leading supermarket giant, is prepared to accept lower profits if it means delivering significant value to its customers. During a session with the South Australian legislative council investigating grocery prices, Banducci defended Woolworths’ $1.62 billion profit in 2023. He emphasised that the company would prioritise customer benefits over […]

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retail giants

Greens Advocate for Supermarket Divestiture Authority

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Australia’s retail giants, Coles and Woolworths, are accused of unfair pricing and harsh treatment of suppliers amid a living-cost crisis. However, the Australian Retail Association (ARA), representing a whopping $420 billion industry, firmly disputes these allegations. They argue that sales and operational costs have escalated far beyond the rate of profit gains over the past

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coles woolworths

Parliamentary Investigation on Supermarket Price Practices Resumes in Orange

News /

In a recent revelation, a former cherry farmer, Michael Cunial, shared his ordeal of being shortchanged nearly $85,000 by major supermarkets, Coles and Woolworths. Cunial, hailing from Orange, recounted his losses from seven deliveries of cherries, where he expected $90,000 for 15 tonnes but received a mere $5800 on the seconds market. Cunial’s story sheds

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woolworths

Former Woolworths Chairman Unveils ‘Truth’ on Supermarket Price Gouging Debate

News /

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 »

mondelez

Mondelez CEO Defends Woolworths and Coles Against Price Gouging Claims

News /

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 »

livestock

Farmers Urge Investigation into Supermarket Pricing Amid Falling Livestock Profits

News /

Sam Kelly, a farmer and owner of Red Hill, a beef and lamb farm in NSW, has observed a significant drop in the prices he receives for his livestock compared to the stable prices maintained by supermarkets. Despite a recent decrease in lamb prices, Kelly believes this adjustment was overdue. He highlights a stark contrast

Farmers Urge Investigation into Supermarket Pricing Amid Falling Livestock Profits Read More »

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