NewsBite

Supermarket inquiry

This Month

The Oreo was one of the products that the ACCC said had “illusory” discounts.

Supermarket giants use the $5 Oreo to argue their discounts are real

The ACCC has accused Woolworths and Coles of misleading shoppers. The retailers say the regulator doesn’t understand how pricing works.

  • Carrie LaFrenz and Tom McIlroy

November

Coles CEO Leah Weckert testified at the ACCC supermarket hearing on Thursday.

Coles says focusing only on low prices sent customers away

Appearing at a competition inquiry, chief executive Leah Weckert says experience has shown shoppers want more than just cheap products.

  • Updated
  • Carrie LaFrenz

October

Workers harvesting tomatoes in Manduria, Italy. Some are forced to work long shifts in extreme heat, one reason that SPC argues Italian tomatoes can be produced so cheaply.

Trade officials probe cheap Woolworths, Coles imported tomatoes

The investigation will assess whether Italian tinned home brand products sold in the supermarkets are being dumped at low prices to damage local growers.

  • Simon Evans
Cost of living committee chairwoman Jane Hume questioning Woolworths and Coles representatives via video link.

Blame our suppliers for high prices, not us: Coles and Woolies

Woolworths says it has been inundated with requests from multinational suppliers to increase the price of thousands of products by more than 10 per cent.

  • Michael Read and Carrie LaFrenz

June

Woolworths, Coles, Aldi and Metcash (IGA) will face massive penalties under the revamped and mandatory code of conduct.

The big lie of the big-stick code is lower grocery prices

By adding cost and complexity, these reforms may well increase the cost of doing business and this could be passed on to consumers at the checkout.

  • Robert Hadler
Advertisement
The new code views penalties as essential to working effectively.

Why this is a practical, workable supermarket code of conduct

The new code offers the best of both a mandatory and voluntary system of compliance for the supermarket giants.

  • Craig Emerson

May

Woolworths chief executive Brad Banducci is facing three big problems.

Woolies’ reputational crisis has cost it $8b and counting

The supermarket giant has aggressively brought down prices, but its sales are growing far more slowly than its great rival. That’s a serious problem. 

  • James Thomson

April

Woolworths boss Brad Banducci during his testimony to the Senate inquiry in Canberra on April 16.

Woolworths says forced store sales won’t lower prices

The nation’s largest grocery chain says the bill put forward by the Greens as a tool against the misuse of market power could even result in higher prices.

  • Carrie LaFrenz
Prime Minister Anthony Albanese

National security committee to meet after stabbings: PM

Anthony Albanese says violence and extremism has no place in Australia; Richard Marles reveals defence spending will crack $100 billion by 2034. How the day unfolded.

  • Updated
  • Gus McCubbing
Woolworths CEO Brad Banducci says he does not focus on return on equity

What is the true measure of a grocer’s profitability?

There’s solid ground to dismiss Nick McKim’s use of return on equity. But his audience is not wonky accountants – it’s disgruntled punters facing higher bills.

  • Jonathan Shapiro
Senator Nick McKim and Brad Banducci in full flight.

12 big players dominate fruit and vegetable supplies

12 suppliers make up half of the total value of all fruit and vegetables sold in Woolies; Coles paid its staff $5 billion in wages last year; Woolworths boss threatened with jail. How the day unfolded.

  • Updated
  • Tom McIlroy
Greens senator Nick McKim and outgoing Woolworths CEO Brad Banducci.

Woolworths, Greens in fiery clash on profits

Outgoing Woolworths boss Brad Banducci was threatened with six months in jail for contempt of the Senate, in a fiery Senate hearing that went off the rails on Tuesday.

  • Carrie LaFrenz and Tom McIlroy

Bunnings may be caught by tougher grocery code

The hardware giant controls 70 per cent of the retail horticulture market, more than Woolworths’ and Coles’ 65 per cent share of supermarkets, prompting suppliers to raise concerns about its buyer power.

  • Ronald Mizen
Respected economist Craig Emerson has recommended big fines for supermarkets that break a new mandatory code of conduct.

Emerson rejects ‘populist’ supermarket break-up call

An independent review has rejected the forced break-up of Coles and Woolworths, finding the ideas backed by the Coalition and Greens lacked “credibility”.

  • Ronald Mizen

Compulsory grocery code strikes right balance

The interim report seeks to prevent big supermarkets from abusing their market power while rejecting populist policies such as forced divestiture of stores.

  • Craig Emerson
Advertisement

March

Coles and Woolworths together control  65 per cent of the Australian grocery market.

Where your spend at Coles and Woolworths is really going

The supermarkets are not profit gouging: less than $3 of every $100 spent goes to profits. Look at the market power of brewers and big tech instead.

  • John Kehoe
Businessman David Bellamy says the supermarket giants treat their suppliers poorly.

How supermarkets discount and force suppliers to pay

The Bellamy’s Organic founder helped lead the fourth-largest baby formula producer in Australia. He says the supermarkets can make or break brands.

  • Tom McIlroy
Australia’s horticulture industry outlook is positive.

Greens claim farmers are in crisis. The data doesn’t back it up

The fruit and vegetable sector is expected to be bolstered by strong production growth over coming years despite the Greens claims that Australian farming is at “crisis point”.

  • Tom Rabe and Carrie LaFrenz

February

Woolworths boss Brad Banducci.

Reputation needs bigger role in Woolworths executive pay: ISS

The proxy advisory group’s comments come as the supermarket giant faces intense scrutiny over its profit margins as household budgets are crunched.

  • Jemima Whyte and Carrie LaFrenz
Supermarkets are being scrutinised for their price setting practices.

Limit supermarket mark-ups to ease price pressure, government told

New forced divestiture powers targeting supermarket giants Coles and Woolworths should be urgently considered by federal parliament, the outspoken crossbencher says.

  • Tom McIlroy and Cindy Yin

Original URL: https://www.afr.com/topic/supermarket-inquiry-6gh9