Chanticleer
After Woolies brawls, Coles busts supermarket profit myths
Political theatre and business bashing won’t deliver a magic bullet for bringing down grocery prices - because there isn’t one.
Sometimes it can be better to be a fast follower than a first mover – and that’s exactly how it turned out on Tuesday at the Senate select committee into supermarket prices.
After outgoing Woolworths boss Brad Banducci spent the morning brawling with Greens Senator Nick McKim, Coles chief executive Leah Weckert took a much calmer approach, unpicking McKim’s hyperbolic outrage over the supermarket giants’ apparently egregious profits.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Retail
Fetching latest articles