Woolworths is set to mark Australia Day by featuring Australian-made flags and an array of products ideal for the national holiday, reversing its previous stance which had sparked significant controversy. Last year, the supermarket chain faced backlash, including a call from Opposition Leader Peter Dutton for a boycott, after deciding not to stock Australia Day-themed […]
Woolworths Reverses Australia Day Decision Read More »
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
Ritchies CEO Demands Action on Illicit Tobacco and Land Banking Read More »
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
Aldi Reveals Cost-Cutting Secrets Amid ACCC Pricing Probe Read More »
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
Woolworths Urged To Halt Macquarie Harbour Salmon Sourcing Read More »
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
Woolworths and Coles Reject ACCC’s Fake Discount Allegations Read More »
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
ACCC Sues Woolworths and Coles for Misleading Discount Pricing Read More »
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
Woolworths Net Profit Plunges 93% Read More »
Woolworths is testing a groundbreaking new checkout system that could completely transform how Australians pay for groceries. In an Australian first, customers can scan their items directly onto a smart screen attached to their trolley as they shop. This technology shifts the checkout process to the moment you pick up an item. As you place
Woolworths Trials Smart Trolleys to Transform Grocery Checkout Read More »
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 »
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