ASX 200 closes flat; MinRes soars; Star tanks
The ASX 200 index closed flat after a choppy session at 8212.20 points as banking and healthcare falls offset strong gains among the miners.
Coles
Supermarket giants an ‘oligopoly’: watchdog
The competition regulator has labelled supermarket giants Woolworths and Coles oligopolists and warned it will now scrutinise whether the twin chains are misusing market power to ratchet up prices.
Cheapest basket of groceries in Oz revealed
A quarterly report into grocery prices has compared the cost of a basket of groceries from Coles, Woolworths, Aldi and IGA, with one chain clearly cheaper.
Cheapest basket of groceries in Oz revealed
A quarterly report into grocery prices has compared the cost of a basket of groceries from Coles, Woolworths, Aldi and IGA, with one chain clearly cheaper.
Supermarkets face the music for popular marketing strategy
The Albanese government jacked up the price of power through its failing energy policy, dishing out a one-off ‘relief’ payment to keep CPI from rising and then claiming credit for reducing inflation.
Simple change coming to Coles stores
The company will conduct the eight-week trial at five stores across the country.
Woolworths, Coles’ legal woes should be a red flag for others
Today, I will explore how Woolworths and Coles got into the ACCC legal mess and some of the changes that will be required. It may be too late, but Bunnings needs to pay attention.
Aldi gains from Coles-Woolworths pain
Second-tier supermarkets such as Aldi are poised to benefit from souring customer sentiment towards Coles and Woolworths, analysts say.
Stores kicked when they’re down, down
Coles and Woolworths have breached the trust of Australians by offering illusionary discounts and acting in a way Anthony Albanese says constitutes an ‘abuse of power’.
Supermarkets are just the latest government scapegoat
Cost of living is a hot political issue and politicians want to be seen to be doing things about it, so supermarket giants Woolworths and Coles are easy targets.
Consumers to thank for price probe: ACCC
The competition watchdog has praised consumers for helping to bring on one of its biggest consumer action court cases.
Consumers key to ACCC’s focus amid supermarket court action
Australia’s biggest supermarkets are under the pump from the competition watchdog, which says it relies on consumer tips to set priorities and kick off investigations.
Big fine threat to supermarket giants
Prime Minister Anthony Albanese warned supermarket giants to “get your act together,” after they were accused by the consumer watchdog of price gouging.
ASX trims losses after RBA holds rates; banks’ worst day in weeks
China’s housing stimulus measures trigger investor rush from banks to miners. Economic outlook ‘remains uncertain’: RBA. Supermarket giants Coles and Woolworths still reeling from legal action. Cettire soars on earnings audit.
Shoppers being played for mugs?
The ACCC case is terrible timing for Coles and Woolworths.
‘Discounts on truth in every aisle’: PM fast-tracks supermarket code
Anthony Albanese has blasted the supermarket duopoly for treating customers like ‘fools’ and warned Coles and Woolworths may have exacerbated inflation, as he unveiled a crackdown on misconduct in the sector.
ACCC fired up for epic battle with supermarkets
The competition regulator is pursuing Coles and Woolworths over misleading discounts, with the ACCC chief saying the issue is as important as the so-called Qantas ghost flights case.
Deceptive pricing an ‘open secret’
Shoppers frustrated with supermarkets leaving ‘the little guy high and dry’ may not see immediate cost impacts from the ACCC’s legal action.
‘Fake discounts’ a serious test of trust for Coles, Woolies
The ACCC’s claims are as damaging as they can get. But the regulator needs to be careful not to buy into the emotion around price gouging.
Farmers fume at alleged price fixing
Farmers have been calling out the major supermarkets for years. They say the ACCC’s case against Coles and Woolworths is a step in the right direction.
Aussie shares pull back from record high
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
Woolworths, Coles sued by ACCC over misleading price drop claims
The competition regulator has launched separate legal proceedings against the two retail giants, alleging ‘misleading’ discounts on hundreds of common supermarket products.
‘Fools’: Albo hits out at Coles, Woolies
Prime Minister Anthony Albanese says supermarket customers “don’t deserve to be treated as fools” as Woolies and Coles are called out.
‘Treating customers like fools’: Mandatory code to target supermarkets
The food and grocery code, including multimillion-dollar penalties for serious breaches, would target big retailers after a review found a voluntary code was ‘not good enough’, the PM says.
ASX 200 trims losses; Coles, Woolworths dive
ACCC sues supermarket duopoly over alleged ‘misleading’ discounts. Bitcoin ‘on track for $US100,000’. Healius confirms Lumus sale to Affinity. Fletcher kicks off big raise. Telix buys US-based RLS for $338m. Hawkish RBA expected to hold rates.
Coles opens new fulfilment centre in $1.4bn shopping upgrade
Coles boss Leah Weckert has overseen a $1.4bn investment in robotic distribution facilities and fulfilment centres but believes the retailer’s balance sheet is strong enough to do more.
Bold plan to change Woolies, Big W forever
An investor has proposed a way for Woolworths to increase profits, claiming they should be performing better than Coles.
Workers not paid in ‘appalling exploitation’ case
One of Australia’s largest celery producers, which supplies Woolworths and Coles, deliberately paid no wages for extended periods to vulnerable migrant farmhands in Victoria.
Coles pilfering shoppers from its big rival, Citi data shows
It’s the big shoplift – Coles is swiping market share from Woolworths and its smaller rivals, according to a new Citi shopper survey.
ASX 200 rises; CBA, Macquarie surpass records
Plibersek approval for Stokes-backed BCI’s Mardie project. Steadfast slumps on response to allegations. Tassie salmon may raise a stink at Coles AGM. Jim Chalmers considers ‘next steps’ on RBA reforms.
Original URL: https://www.theaustralian.com.au/topics/coles/page/6