Woolworths and Coles suffer $4 billion bloodbath after Aussie …

Sep 24, 2024 · Woolworths and Coles have been hammered after the consumer watchdog announced legal action against them. ... Defiant push to immediately cut price of Coles and …

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Woolworths And Coles Suffer $4 Billion Bloodbath After Aussie …

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Sep 24, 2024 · Woolworths and Coles have been hammered after the consumer watchdog announced legal action against them. ... Defiant push to immediately cut price of Coles and …

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Woolworths, Coles Price Manipulation Claims Come At Tough Time …

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Sep 24, 2024 · The allegations against Woolworths and Coles, levelled by the Australian Competition and Consumer Commission on Monday, have wiped $4 billion from the value of …

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Greens Push Supermarket Break-up Powers - Financial Review

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Mar 18, 2024 · It said Woolworths had sales of $64.3 billion in financial year 2023, but profits were just 2.5 per cent of the total. Companies including Coles, Metcash, Wesfarmers and JB HiFi …

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Coles Launches $400 Million 'dark Supermarket' You Will Never See ...

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Sep 20, 2024 · Defiant push to immediately cut price of Coles and Woolworths items if they break new rule: 'Critical' ... Coles has invested $400 million into the initiative and plans to open a …

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FAQs about Woolworths and Coles suffer $4 billion bloodbath after Aussie … Coupon?

Could Coles & Woolworths be broken up for price gouging?

Coles and Woolworths could face criminal penalties and risk being broken up for price gouging following a damning new Senate inquiry. Supermarket duopoly Coles and Woolworths could face criminal penalties if found to be overcharging customers, according to stringent recommendations from a damming new review. ...

What's going on with Coles & Woolworths?

Coles and Woolworths have made their initial submissions to the Senate Inquiry Into Supermarket Prices, as the government works to tackle the seemingly endless increases to our grocery bills. If you’re not quite sure what’s going on, we’ve broken down what’s happening and what it all means for you. ...

Are Coles & Woolworths misleading consumers?

The ACCC this week launched legal action against Coles and Woolworths for misleading consumers through discount pricing claims on hundreds of products at a time when inflation was at its highest. However, this is not the only way the two major supermarkets work to keep their profit margins high. ...

Are Coles and Woolworths ripping off vulnerable Aussies?

Coles and Woolworths have been accused of ripping off vulnerable Aussies, but then why are the share prices almost the same as before the pandemic? ·Supplied We all see the price of bread, lettuce, pasta, washing powder, and a whole raft of items rising - sometimes sharply - when we do our weekly shop. ...

Did Coles & Woolworths violate consumer law?

and calls for the sector to be overhauled to ensure people can afford everyday items during a cost of living crisis. The consumer watchdog claims Coles and Woolworths violated consumer law by misleading shoppers on popular supermarket items with their "Down Down" and "Prices Dropped" campaigns. ...

Are Coles & Woolworths tricking customers with fake discount campaigns?

Coles and Woolworths deny tricking customers with fake discount campaigns. Source: AAP / Joel Carrett Lawyers for both supermarkets appeared in the Federal Court on Wednesday after the Australian Competition and Consumer Commission (ACCC) launched separate legal proceedings in September. ...