Remove Accounting Remove Consumer Remove Supermarket
article thumbnail

What the class action against Coles and Woolworths means for ‘The Big Two’

Inside Retail

The ACCC’s lawsuit against Coles and Woolworths for allegedly misleading consumers about the price of essential products has now been spun into a class action lawsuit by the Gerard Malouf and Partners law firm. The unspoken pact is clear: Give consumers what they want at a fair price, and we’ll tolerate the massive profits you rake in.”

article thumbnail

More Australians lose trust in supermarket pricing, ACCC says

Inside Retail

Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. “Many consumers have told us that they are losing trust in the sale price claims by supermarkets,” said Mick Keogh, ACCC deputy chair.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sensing, Not Seeing, with Vision AI as Retail’s Crystal Ball for the Future

Retail TouchPoints

This has never been more apparent than now, as consumers look to elevate their in-store shopping experiences and expect the same versatility and ease that they have obtained with modern omnichannel retail. Consumers want to be part of an in-store experience that allows them a personalized, agile and enjoyable shopping experience in store.

article thumbnail

The new Tiktok challenge waging war on the major supermarkets’ pricing

Inside Retail

Independent Queensland grocer Skippys Fresh Frootz has garnered attention on social media for its videos highlighting its low prices at a time when Australia’s major supermarkets are facing scrutiny for their lack of transparency in their price-setting practices. Bunnings is now back in first place.

article thumbnail

Why Amazon’s New “Just Walk Out” Supermarkets Will Change Everything. Forever

Retail Focus

If it doesn’t benefit the consumer, they won’t do it. Their apps open, supermarket executives also enquire: “But who’ll own the data …?”. The potential for real-time accounting and replenishment systems is unreal — not to mention the supply chain savings that live information from Just Walk Out will yield.

article thumbnail

Australian consumers spend more on groceries despite higher housing costs

Inside Retail

More than half of Australian consumers are spending more on food and groceries despite facing higher expenses on housing, according to a report by the Monash Business School’s Australian Consumer and Retail Studies (ACRS). The most popular savings methods were: Traditional savings accounts (71 per cent). Shares (24 per cent).

Consumer 246
article thumbnail

Shrinkflation trend forces law change on unit pricing

Inside Retail

Shrinkflation has driven the government to strengthen the unit pricing code to help Aussies get accurate pricing in supermarkets and retail stores. It is mainly used to take advantage of consumers who are unaware of the not so obvious changes. “We’re ensuring the ACCC is equipped to hold supermarkets accountable.”