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Woolworths

Queensland

Rural Queensland Supermarkets Threatened by Major Chains

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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 […]

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Brad Banducci

The Senate Supermarket Inquiry has Presented 14 Recommendations

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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 »

Brad Banducci

Departing CEO Brad Banducci concedes that Woolworths was “out-traded” by Coles

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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

Woolworths Faces Margin Pressure in Battle Against Coles

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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

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woolworths

Woolworths acknowledges underpaying employees by $1.24 million

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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 »

Peter Dutton

Opposition Leader Calls for Action Against Coles and Woolworths

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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

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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

Supermarket Giants Brace for Profit Hits Amid Government Scrutiny Read More »

norco milk

Woolworths Drops Aussie-Owned Norco Milk, Faces Backlash

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Woolworths, Australia’s largest supermarket chain, is facing criticism after announcing the removal of Norco branded milk from the shelves of nearly 100 of its Metro stores. Norco, a farmers’ cooperative established in 1895 and based in Lismore, Northern New South Wales, produces a range of dairy products, including milk, flavoured milk, cheese, and butter. The

Woolworths Drops Aussie-Owned Norco Milk, Faces Backlash Read More »

brad banducci

Woolworths CEO Brad Banducci Announces Retirement Amid Challenges

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Woolworths CEO Brad Banducci has acknowledged several mistakes and miscommunications during his tenure, including mishandled announcements and the improper labelling of former ACCC boss Rod Sims as “retired.” He has expressed regret and announced his planned retirement from one of Australia’s most challenging corporate roles. With ongoing scrutiny from both political and community fronts on

Woolworths CEO Brad Banducci Announces Retirement Amid Challenges Read More »

coles woolworths

Leaked Emails Reveal Coles and Woolworths Profiting from Price Increases

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Coles Supermarkets has been found profiting from increased prices at the checkout, despite claiming to prioritise keeping grocery bills low. Leaked emails have shed light on Coles’ tactics with suppliers seeking price hikes and its exploitation of inflation. This isn’t an isolated incident. Industry insiders reveal that Woolworths has also engaged in similar practices over

Leaked Emails Reveal Coles and Woolworths Profiting from Price Increases Read More »

Brad Baducci woolworths

Woolworths CEO’s Dramatic TV Interview: Sparks Fly Over Grocery Prices

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In a recent television interview, Woolworths CEO Brad Banducci found himself in a heated exchange over the soaring prices of groceries, prompting an unexpected storm-out. The interview, part of a Four Corners episode delving into the company’s pricing strategies, saw Banducci facing tough questions about Australia’s supermarket landscape. When asked about Australia potentially having the

Woolworths CEO’s Dramatic TV Interview: Sparks Fly Over Grocery Prices Read More »

woolworths

Former Woolworths Chairman Unveils ‘Truth’ on Supermarket Price Gouging Debate

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In commerce, the voice of experience often resonates with authority, shedding light on intricate dynamics that evade the casual observer. Ralph Waters, former chairman of Woolworths, Australia’s retail titan, emerges from the shadows of corporate silence to deliver a resounding verdict on the storm brewing around supermarket pricing. With a tenure spanning from 2011 to

Former Woolworths Chairman Unveils ‘Truth’ on Supermarket Price Gouging Debate Read More »

mondelez

Mondelez CEO Defends Woolworths and Coles Against Price Gouging Claims

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The leader of Mondelez, one of the world’s major supermarket suppliers and the owner of Cadbury, has rejected claims of price gouging by Woolworths and Coles in Australia. Mondelez Australia’s CEO, Darren O’Brien, argues that much of the negative criticism against these retail giants is based on emotions rather than concrete evidence of a dysfunctional

Mondelez CEO Defends Woolworths and Coles Against Price Gouging Claims Read More »

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