Suppliers

Suppliers Claim Supermarkets Dominate the Power Balance

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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coles & woolworths

Woolworths and Coles Reject ACCC’s Fake Discount Allegations

Supermarket giants Woolworths and Coles have firmly denied claims of misleading discounts, stating that most of their price increases were driven by suppliers, making the later discounts real. The Australian Competition & Consumer Commission (ACCC) has accused the two retailers of deceiving customers. However, Woolworths and Coles argue that the price hikes were necessary to

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Supermarkets Risk Huge Fines Under Strengthened Food and Grocery Code

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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metcash

Metcash’s proposed acquisition of Superior Food Services not opposed

The ACCC will not oppose Metcash Trading Limited’s (Metcash) (ASX:MTS) proposed acquisition of wholesale food distributor SFG Group Holdings Pty Ltd, trading as Superior Food Services (Superior). Superior purchases a wide range of food products from suppliers and distributes them to food service businesses such as restaurants, cafes, hotels and clubs, petrol and convenience stores,

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coles

Coles Urges Suppliers to Cut Costs Amidst Rising Living Expenses

In a recent communication to packaged food and grocery suppliers, Jonathan Torr, a top executive at Coles, emphasised the importance of cost reduction in response to consumer concerns about affordability. With living expenses increasing and pressure from both consumers and regulators to lower shelf prices, Torr stressed that cutting costs is a shared responsibility between

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coles ceo

Coles CEO Notes Decrease In Suppliers’ Demands For Price Hikes

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

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food retailers

Food retailers need to tread carefully as prices soar

Major chains need to balance the needs of all stakeholders – consumers, suppliers and shareholders – to avoid greater scrutiny. Australia’s major supermarket chains are engaged in a delicate balancing act as food prices rise at the fastest pace in decades, adding to pressure on household budgets. Coles, Woolworths, Aldi and wholesaler Metcash face a backlash from

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