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ACCC to live stream supermarkets enquiry

Inside Retail

The Australian Competition and Consumer Commission (ACCC) will live stream its upcoming public hearings for the supermarkets enquiry, scheduled from November 7 to 22. Key players from the supermarket industry, such as Aldi, Coles, Metcash, and Woolworths, will participate alongside consumer advocates and industry representatives.

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Woolworths Group’s supermarkets MD resigns

Inside Retail

Woolworths Group said that Natalie Davis has resigned as MD of its supermarket division, effective at the end of September. “Natalie has played a key role in the transformation of Woolworths Group and Woolworths Supermarkets in Australia and New Zealand,” said Brad Banducci , Woolworths Group CEO.

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Record retail theft puts pressure on Australian supermarkets

Inside Retail

Supermarkets operate on very thin profit margins. Supermarkets refer to goods lost to theft, expiry or payment error as stock losses. The post Record retail theft puts pressure on Australian supermarkets appeared first on Inside Retail. Woolworths and Coles declined to comment. .

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Supermarket inquiry recommends laws against price gouging, land banking

Inside Retail

Supermarkets would be prohibited from price gouging and face stricter rules on land banking, should the government adopt the recommendations of the Senate Select Committee on Supermarket Prices. The committee noted that it heard unfair trading practices arising from the so-called supermarket duopoly of Coles and Woolworths.

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Is this the end of Australia’s supermarket duopoly?

Inside Retail

The allegations of price-gouging during a cost-of-living crisis by Australian supermarkets Coles and Woolworths could finally be the death knell of the duopoly that has long dominated the country’s grocery sector. In December last year, the Senate announced an inquiry into the price-setting practices and market power of major supermarkets.

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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.

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Heavy fines proposed for anti-competitive supermarket practices

Inside Retail

Treasurer Jim Chalmers expressed support for the independent review of the Food and Grocery Code of Conduct, proposing a mandatory code which – if adopted – will result in multi-million dollar penalties for supermarkets and suppliers who engage in anticompetitive practices. “This is all about a fair go for farmers and families.