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Woolworths

Ritchies

Ritchies CEO Demands Action on Illicit Tobacco and Land Banking

News /

Fred Harrison, CEO of Ritchies, the country’s largest network of independent supermarkets, is grappling with two significant challenges that are severely impacting his business: the surge in illegal tobacco sales and the growing dominance of major players like Woolworths and Coles. The first issue, which Mr Harrison describes as a “major headache,” is the increasing […]

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Aldi

Aldi Reveals Cost-Cutting Secrets Amid ACCC Pricing Probe

News /

Under increased scrutiny from the Australian Competition and Consumer Commission (ACCC), German discount retailer Aldi has provided some insight into its notably low pricing strategy, distinguishing itself from rivals Coles and Woolworths. Aldi has long maintained its position as a significantly cheaper option, with recent explanations highlighting why this is the case. Aldi attributes its

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salmon

Woolworths Urged To Halt Macquarie Harbour Salmon Sourcing

News /

Woolworths is under pressure from activist shareholders to stop sourcing farmed salmon from Macquarie Harbour, Tasmania, the only known habitat of the endangered Maugean skate. The Maugean skate, a rare species of ray, faces severe threats due to salmon farming in Macquarie Harbour, which produces nearly 9,500 tonnes of salmon annually. A federal environment report

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coles & woolworths

Woolworths and Coles Reject ACCC’s Fake Discount Allegations

News /

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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ACCC

ACCC Sues Woolworths and Coles for Misleading Discount Pricing

News /

The ACCC has launched legal action in the Federal Court against Woolworths Group Limited (Woolworths) and Coles Supermarkets Australia Pty Ltd (Coles) for allegedly misleading consumers through deceptive discount pricing on hundreds of everyday products.  The Australian Competition and Consumer Commission (ACCC) claims that Woolworths and Coles inflated the prices of certain items for brief

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woolworths

Woolworths Net Profit Plunges 93%

News /

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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Woolworths Introduces Priority Parking for Electric Vehicles

News /

Woolworths is introducing a customer-centric initiative in New Zealand, offering priority parking for select customers based on the eco-friendliness of their vehicles. This new initiative is a boon for shoppers with low-emission vehicles, such as electric and hybrid cars, as it allows them to park closer to the store, saving time and effort. Woolworths is

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price-gouging

Trust in Coles and Woolworths Plummets Amid Price-Gouging Allegations

News /

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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Woolworths ACCC

Woolworths Urges ACCC Supermarket Inquiry To Focus On Retail Industry Facts

News /

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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woolworths

Woolworths CEO Defends Food Rejection Policies

News /

Woolworths CEO Brad Banducci has robustly defended the supermarket chain’s food rejection policies. He underscored that customers’ specific preferences, such as their aversion to oversized bananas, are the driving force behind these policies. This defence was articulated during a South Australian parliamentary inquiry into grocery prices, part of a series of investigations taking place across

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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

Woolworths CEO Brad Banducci appears at South Australian grocery price inquiry Read More »

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