Woolworths and Coles suffer $4 billion bloodbath after Aussie …

Sep 24, 2024 · Coles and Woolworths have seen $4 billion wiped off its collective share value in the wake of the ACCC's investigation. (Source: AAP) Clean up on aisle seven because there's …

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Woolworths And Coles Suffer $4 Billion Bloodbath After Aussie …

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Sep 24, 2024 · Coles and Woolworths have seen $4 billion wiped off its collective share value in the wake of the ACCC's investigation. (Source: AAP) Clean up on aisle seven because there's …

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Fresh Move To Stop Woolworths, Coles Edging Out Competition

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Oct 1, 2024 · Woolworths and Coles could soon be forced to relinquish the rights to dozens of undeveloped supermarket sites. ... Woolworths and Coles suffer $4 billion bloodbath after …

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Woolworths Share Price: Woolies Bloodbath With $4.5bn Nosedive

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Dec 14, 2021 · Shareholders were savaging supermarket giant Woolworths on Tuesday after the company slashed its earnings forecast on a $220m Covid cost blowout and softer post …

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Winner Declared As Woolworths, Coles And Aldi Battle It Out In …

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Sep 25, 2024 · Woolworths and Coles taken to court over controversial pricing strategy: 'Misleading' Major supermarkets suffer $4 billion bloodbath after Aussie 'battlers conned' New …

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Coles, Woolworths: Check-out Move Aussies Hate As Supermarkets …

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Aug 29, 2024 · Woolworths’ Australian supermarkets reported $50 billion in sales. That’s a big proportion of the country’s $2.4 trillion economy, about 2.1 per cent. Coles reported $44 billion …

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Coles, Woolworths, Aldi: The Billion Dollar Fine Threat Facing ...

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Jun 23, 2024 · Instead, the review simply recommends coverage for supermarkets with annual turnover in excess of $5bn should be subject to the mandatory code, a threshold which would …

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Woolworths Cops Hit To Food Profits As Customers Trade Down

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Oct 30, 2024 · Woolworths’ earnings have been affected by the cost-of-living crisis. Credit: Getty Images Earnings before interest and tax from its Australian food division will come in at $1.48 …

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Woolworths And Coles Suffer $4 Billion Bloodbath After Aussie …

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Sep 25, 2024 · Coles and Woolworths have seen $4 billion wiped off its collective share value in the wake of the ACCC’s investigation. (Source: AAP) Clean up on aisle seven because there’s …

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Aldi's $3.4b Challenge To Woolworths And Coles Shoppers After …

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Aldi has only cornered 10 per cent of the Aussie market and managing director Jordan Lack said that should change. · Supplied Aldi has responded with a $3.4 billion promise after beating …

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‘Greed’: Qantas, CBA, Woolworths, Coles Cause Price Crisis

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Feb 24, 2023 · The findings came in the same week Qantas announced a $1.4 billion profit, supermarket giant Woolworths revealed a $907 million profit – up by 14 per cent – and fellow …

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Aussie Shopper Slams New Woolworths CEO's Response After …

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Sep 25, 2024 · Woolworths and Coles suffer $4 billion bloodbath after Aussie 'battlers conned' Royal Australian Mint responds after rare $2 coins 'worth $3,000' handed to Woolworths …

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What happened to Coles & Woolworths after ACCC investigation?

Coles and Woolworths have seen $4 billion wiped off its collective share value in the wake of the ACCC's investigation. (Source: AAP) Clean up on aisle seven because there's been a stock market bloodbath at two of the biggest supermarkets in Australia. ...

Why have Woolworths and Coles been hammered?

Woolworths and Coles have been hammered after the consumer watchdog announced legal action against them. Woolies' share price has fallen more than 6 per cent or $2 since the start of the week and Coles has plummeted 5.35 per cent or by nearly $1. That fall roughly equates to around $4 billion over just two days. ...

Will Woolworths & Coles relinquish rights to undeveloped supermarket sites?

(Source: AAP/Getty) Woolworths and Coles could soon be forced to relinquish the rights to dozens of undeveloped supermarket sites. The two biggest supermarket chains have been accused of price gouging shoppers and engaging in dodgy pricing strategies, and the government has been looking at ways to prevent their market domination. ...

How much money did Woolworths make compared to Coles?

In Woolworths’ case, it made $3.1 billion in earnings before tax and other accounting issues, and in Coles’ case, $2 billion. The rise in margins at Coles is particularly interesting to look at because it doesn’t come from the usual game of just whacking up prices. Instead, it has to do with what they call ‘loss’. ...

Why is Woolworths failing to keep up with Coles?

Woolworths is failing to keep up with its smaller rival Coles, recording slower sales growth in its local supermarket business since the start of the year as it grapples with a leadership transition and intense political pressure over shelf prices. ...

Are Coles & Woolies raking in big profits?

Coles and Woolies are raking in big profits and raising their margins as the cost-of-living crisis enters its fourth year. The big two supermarkets reported their financial results to the stock market this week, and both showed just how enormous they are in the Australian landscape. Woolworths’ Australian supermarkets reported $50 billion in sales. ...