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Coles, Woolworths blame price hikes on suppliers

Carrie LaFrenz

Supermarket giants Coles and Woolworths have told a court that nearly every price rise on hundreds of goods that the competition regulator claims is an example of sham discounting was done at the request of suppliers.

The retailers appeared in court on Wednesday as part of the Australian Competition and Consumer Commission’s case accusing them of tricking shoppers on hundreds of grocery promotions.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/coles-woolworths-blame-price-hikes-on-suppliers-20241023-p5kkk0