Woolies CEO says shoppers want ‘value’ not ‘broader conversations’
Chief executive Brad Banducci has led the supermarket giant for eight years. He’s repaired its financial performance, but is he prepared to be the public face of high grocery prices?
Woolworths shoppers want the country’s largest supermarket chain to focus on one thing: value.
That’s what Brad Banducci, the retailer’s chief executive, says. Last month he faced a bruising political bunfight with Peter Dutton, after the Opposition Leader called for a boycott after Woolworths decided to remove Australia Day merchandise from shelves, a decision it said was commercial in nature.
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clarification —
This story was updated to reflect that the Banduccis do not own an apartment in Tamarama as part of their property interests.
Carrie LaFrenzSenior reporterCarrie 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
Jemima WhyteSenior reporterJemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
