The chief executive of hardware giant Bunnings, Mike Schneider, said the chain took its promise to beat any competitor’s price seriously and critics would not find evidence that it had engaged in price gouging.
Bunnings was last month placed at the centre of a push to drag big-box retailers before a parliamentary inquiry into allegations of misuse of market power made by critics including NSW Nationals senator Ross Cadell. Liberal leader Peter Dutton also backed calls for a probe.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Tom McIlroy is the Financial Review’s Canberra Bureau Chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
