Fred Harrison has been working in supermarkets for 50 years, and comments from the election trail have left him fuming. Meanwhile, former ACCC chair Allan Fels says profit gouging is hard to prove.
Some auto brands are refusing to supply Bunnings for fear of upsetting chains like Supercheap Auto and Autobarn, but the hardware chain’s boss has given them a blunt warning.
The Reject Shop is set to fall into Canadian hands after agreeing to a $259m takeover bid from bargain chain Dollarama.
Winemakers aren’t impressed by the ‘drop in the barrel’ $50k lift to the wine rebate set out in the budget and rue the opportunity to fix Australia’s red grape oversupply.
Fashion chain Jeanswest has collapsed for a second time in five years leading to the imminent closure of all 90 stores and the loss of jobs for about 600 of its staff.
Surfers and campers are forgoing new wetsuits or puffer jackets with retailer KMD Brands’ losses more than doubled for the first half.
Coles is rolling out a major change to its nearly 1000 liquor stores that will spell the end to two big brands in a bid to better compete with Dan Murphy’s.
Labor will freeze the tax grab on excise applied to draught beer in a much-needed shot in the arm for brewers.
Australia’s largest independent grocery chain has only opened two new stores in the past decade, and hoped the ACCC supermarkets report would focus more on the contentious issue.
Woolworths and Coles shares on Friday had their strongest one-day gains since March 2020 in the wake of news the ACCC supermarkets report had no ‘profit killing’ recommendation.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/8