Few are going through it like Woolworths. It’s face-morphed into the corporate personification of Australia’s inflation problems. Competition regulator Gina Cass-Gottlieb has troops deep in Reddit forums trying to pin them and rival Coles for price gouging. There’s year-on-year sliding profits. A wonderful in-tray for new CEO Amanda Bardwell!

One saving grace is it’s finally got out of the booze game. In 2021, Woolies demerged its grog chains BWS and Dan Murphy’s, along with its pokie-heavy hotels, into the new ASX-listed Endeavour Group. The $12 billion transaction left it with a 14.6 per cent stake. The supermarket group has since flogged that off in a series of block trades. The last remaining $343 million stake went in August.