Tensions between Australian farmers and major supermarkets have escalated after NSW Farmers accused Woolworths of sending an undercover employee to their annual general meeting (AGM). A Woolworths employee, who attended the meeting on Monday as a university student, was asked to leave after failing to disclose her connection to the supermarket chain. She had registered […]
Farmers Accuse Woolworths of Spying at AGM Read More »
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
Woolworths Introduces Priority Parking for Electric Vehicles Read More »
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
Trust in Coles and Woolworths Plummets Amid Price-Gouging Allegations Read More »
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
Woolworths Urges ACCC Supermarket Inquiry To Focus On Retail Industry Facts Read More »
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
Woolworths CEO Defends Food Rejection Policies Read More »
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 »
Independent supermarkets in Queensland are facing severe challenges due to the dominant market presence of major retailers Woolworths and Coles, an inquiry has heard. Wayne Mason, the Queensland operations manager for Australian United Retailers, which represents 103 independent FoodWorks supermarkets in the region, raised concerns about the impact of these large supermarkets on smaller, community-based
Rural Queensland Supermarkets Threatened by Major Chains Read More »
Woolworths’ CEO Brad Banducci recently came under fire during a tense Senate inquiry session, but despite the heated discussions, he will not face any legal repercussions or jail time. This decision comes amidst a broader push by a Greens-led Senate committee, which has strongly critiqued the dominance of major supermarket chains like Woolworths and Coles
The Senate Supermarket Inquiry has Presented 14 Recommendations Read More »
Woolworths CEO Brad Banducci recently acknowledged that competitor Coles had outperformed his company during the last quarter. Woolworths faced challenges like unpopular promotions, supply chain disruptions, and cautious consumer spending habits, leading to lower-than-expected sales. This widened the gap between Woolworths and Coles and missed analysts’ predictions. Banducci, who will soon step down, leaves behind
Departing CEO Brad Banducci concedes that Woolworths was “out-traded” by Coles Read More »
Woolworths faces a potential squeeze on its profit margins as it takes action to compete with its smaller rival, Coles. Coles has recently been outpacing Woolworths in terms of sales and market share growth, marking a shift in the competitive landscape. Despite this, Coles still trails behind Woolworths regarding food division profits. Analysts have noted
Woolworths Faces Margin Pressure in Battle Against Coles Read More »
Woolworths’ turbulent week has plunged it into even deeper trouble. First, its CEO, Brad Banducci, faced potential jail time for refusing to answer questions in a Senate inquiry on supermarket price gouging. Now, the company has admitted in a Melbourne court that it didn’t properly pay long service leave to over 1,200 former employees in
Woolworths acknowledges underpaying employees by $1.24 million Read More »
Opposition Leader Peter Dutton has made strong accusations against Coles and Woolworths, claiming that they are hindering competition by holding onto undeveloped land near their stores. He has pledged to take action to safeguard consumers from potential price hikes. The Coalition is devising a plan to forcefully dismantle the dominance of these supermarket giants if
Opposition Leader Calls for Action Against Coles and Woolworths Read More »
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
Supermarket Giants Brace for Profit Hits Amid Government Scrutiny Read More »
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