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supermarkets

Suppliers Claim Supermarkets Dominate the Power Balance

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Australia’s peak organisation for food and grocery producers asserts that supermarkets exert significant power in price negotiations, often demanding sensitive business details, including invoices, as proof of rising costs. In its recent submission to the competition regulator’s interim report on supermarket pricing, published in September, the Australian Food and Grocery Council highlighted that supermarkets hold […]

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Price Gouging

Local Grocer Exposes Supermarkets’ Price Gouging and Waste

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Grocery prices are soaring, but one Brisbane greengrocer is challenging the major supermarkets for their wasteful practices that are driving costs up unnecessarily. At Skippy’s Fresh Frootz in Victoria Point, they’re offering deals like seedless watermelon for under $1 a kilo and other produce for as little as 20 cents a kilo. Manager Elijah Etri

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woolworths

Woolworths Net Profit Plunges 93%

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Woolworths, Australia’s largest retailer, is rewarding its shareholders with a special dividend of 40 cents per share despite experiencing a significant 93% drop in annual net profit. This decline is largely due to substantial impairments related to its stake in Endeavour, a drinks group, and its underperforming New Zealand supermarkets. Once again, Woolworths’ Australian supermarkets

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recycling

Outdated Recycling Claims on Food Packaging Violate Consumer Law

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Australia’s food packaging industry, including major supermarkets like Woolworths, Coles, and Aldi, may be violating consumer law with outdated recycling claims. This warning came from the Australian Packaging Covenant Organisation (APCO) in a recent email. APCO emphasised the need for businesses to remove claims that soft plastics can be recycled through now-defunct schemes. The email

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Supermarkets Risk Huge Fines Under Strengthened Food and Grocery Code

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Farmers are calling on the Albanese government to intensify competition reforms to prevent supermarkets from exploiting their market dominance over suppliers. The government’s commitment to revamping the food and grocery code of conduct has been positively received by farming groups. However, they believe this should only be the initial move in combating predatory practices. Following

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price-gouging

Trust in Coles and Woolworths Plummets Amid Price-Gouging Allegations

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Australians’ trust in Coles and Woolworths has plummeted, according to Roy Morgan’s latest quarterly rankings. Woolworths, which had been the top trusted brand since May 2020, has dropped to the 34th position, following accusations of price-gouging alongside rival Coles. Coles has suffered even more, plummeting a record-breaking 221 places to become the ninth least trusted

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coles

Coles Warns Construction Woes May Hike Grocery Prices

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Fiona Mackenzie, the group’s head of property, warns that skyrocketing construction costs are hindering Coles’ ambitions to build new supermarkets amid a population surge, potentially leading to higher grocery prices. Addressing developers at a Melbourne industry lunch, Mackenzie highlighted the growing challenges. Driven by a departure from Victoria, her team identified several promising locations in

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misleading

Supermarkets Under Fire for Misleading Discount Deals

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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

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supermarket giant

Supermarket Giants Brace for Profit Hits Amid Government Scrutiny

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Amid ongoing government inquiries into supermarket practices, experts are already predicting potential financial blows for major players like Woolworths and Coles. Before these investigations conclude, analysts are weighing the potential impact on these industry giants’ profits. Australian federal and state governments are actively engaging with the supermarket chains, prompting them to take preemptive measures against

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supermarkets

Splitting up Supermarkets Could Lead to Price Increases, Warns Business

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In a bid to ease the burden of rising living costs, Australians may soon face potential hikes in prices, warns a prominent business authority. The country’s leading supermarket giants, Coles and Woolworths, have been facing mounting criticism for allegedly exploiting consumers by charging higher prices while reaping record profits, leaving many struggling to afford essential

Splitting up Supermarkets Could Lead to Price Increases, Warns Business Read More »

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