![Digital mock-up of Woolworths CEO Amanda Bardwell (left), ACCC chair Gina Cass-Gottlieb and Coles CEO Leah Weckert [4x3]](https://content.api.news/v3/images/bin/8ac334fba026a92be3e6e8e17730c41b?width=650)
Woolies, Coles ‘fake’ discounts spread across the entire supermarket
Woolworths and Coles fooled customers into buying everyday groceries by using fake discounts spanning almost every aisle of the supermarket, new court documents reveal.
Retail
Nick Scali issues profit warning on higher freight costs
An unexpected spike in freight costs has punctured furniture chain Nick Scali’s typically robust and market-leading profit margins to see the retailer issue a profit warning at its AGM.
Harvey Norman breached law over ‘interest-free’ promotions
The retail giant will face a penalty hearing next year after ASIC successfully claimed customers were misled over the promotion of interest-free payment methods for its products.
Chinese drinkers welcome back Penfolds with open arms
Australia’s luxury wine brand Penfolds has ‘real energy’ after re-entering the Chinese market following the end of crippling tariffs, Treasury Wine Estates boss Tim Ford says.
Centuria buys NSW central coast mall in $34.85m deal
Property funds group Centuria Capital has bought the Manning Mall from an unlisted Elanor Investors Group-run fund at a steep discount compared with the last time it changed hands.
Country Road triggers restructure, job cuts as sales dive
Country Road Group, caught in a workplace sexual harassment scandal this year, has made sweeping changes by restructuring senior positions, announcing redundancies and creating new roles.
Cosgrove buys shopping hub as property legacy shines
The developer grandson of late tycoon Alan Bond shows he has an eye for a commercial property bargain by adding a Newcastle shopping centre to his fund house’s portfolio.
Myer CEO poaches Qantas executives amid reshuffle
Olivia Wirth has put her mark on the department store with the biggest executive shake-up in years with the appointment of two Qantas executives, many veterans departures and the creation of new roles.
ASIC investigates Super Retail over whistleblower case
The corporate regulator is investigating the owner of retail chains Supercheap Auto, Rebel and BCF over its courtroom battle with two former executives turned whistleblowers.
Businesses’ late bill payments at their worst since Covid
Late payments by businesses are at their highest level since the depths of Covid-19, and it’s the hospitality and construction sectors faring worst.
Coles rings changes to improve stock availability
A restructure at Coles pushed through by CEO Leah Weckert aims to address one of the biggest grievances among shoppers and improve stock levels and availability in the store.
Even wealthier shoppers feeling pinch
Woolworths and Coles have told the Senate select committee on the cost of living that Australian households are struggling and have been forced to change their shopping behaviour.
Guzman discovers the problem of being popular
The spicy fast-food player has so much growth loaded into its shares Guzman is now more expensive than Nvidia. That puts it in a growth trap.
Aldi most trusted supermarket as Coles, Woolies suffer
Aldi has been named Roy Morgan’s most trusted supermarket brand for the first time, as Coles and Woolies drag down trust in the entire category.
Coles boss defends ‘Down Down’ pricing, looks to bumper Xmas
More Australians than ever say they are planning to cook and entertain at home this Christmas due to cost of living pressures, with Coles unveiling its Xmas grocery offer to capture those home cooking dollars.
Super Retail deleted emails, court told
A former co-company secretary of Super Retail Group has made a string of sensational claims about an alleged cover-up at the retailer over an illicit affair between the CEO and HR boss, plus abuse of corporate governance rules.
Guzman y Gomez’s local sales beat expectations
The Mexican-themed fast food chain has bolstered its credentials as a high growth stock, posting better than expected sales growth in its flagship Australian operations.
Court blocks Super Retail’s latest legal play
The Federal Court has knocked out Super Retail’s bid to disqualify the law firm representing two former executives turned whistleblowers.
Chalmers to boost watchdog’s merger powers
An overhaul of the ACCC’s merger powers, including the ability to block deals without having to go to court, will move a step closer on Wednesday.
Country Road owner glosses over workplace scandal
The South African owner of Country Road Group has glossed over the sexual harassment and bullying scandal at the retailer, referring to ‘internal pressures’ in its annual report.
Original URL: https://www.theaustralian.com.au/business/retail/page/7