Profits Archives

Woolworths Urges ACCC Supermarket Inquiry To Focus On Retail Industry Facts

Woolworths has urged the competition regulator to undertake a “data-driven, fact-based” investigation into the supermarket industry. This call comes amid a political uproar filled with accusations of price gouging, abuse of market power, and even threats of jail for the Woolworths CEO during a Senate inquiry led by the Greens. In its submission to the […]

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Activists Use Mock Tags to Highlight Cost-of-Living Crisis

News / Dan Armes

A mischief-maker has been altering promotional labels in two leading supermarkets to express discontent over the rising living costs. This action follows the announcement of Coles and Woolworths generating a staggering $1.1bn and $1.6bn in profits, respectively last financial year. These altered tags, which look like discount price labels, have been appearing in both supermarket

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Woolworths’ $907 Million Profits Despite Rising Grocery Prices and Inflation

News / Dan Armes

Woolworths, one of Australia’s largest supermarket chains, has announced profits of $907 million in its half-yearly results. This comes amid rising inflation and a significant increase in grocery prices for customers. Woolworths CEO Brad Banducci attributed the positive results to improving the customer shopping experience, restoring operating rhythm, and a reduction in COVID costs compared

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Profits

Woolworths Urges ACCC Supermarket Inquiry To Focus On Retail Industry Facts

Activists Use Mock Tags to Highlight Cost-of-Living Crisis

Woolworths’ $907 Million Profits Despite Rising Grocery Prices and Inflation

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