The scale and complexity of supermarkets is not like that of a local shop. Coles and Woolworths are not saints, but they provide essential services throughout Australia at a reasonable cost.
Analysts say steps to avoid land banking by supermarket giants Woolworths and Coles are a quick competitive reform, but other measures may crunch profits and hurt shoppers.
Nick McKim’s attacks on supermarket CEOs have catapulted him to a broader public awareness, but the veteran Green has a long history of walking into stoushes, with mixed success.
The Greens’ plan to force Woolies and Coles to shrink only plays into the hands of global gorillas like Amazon, Nestle and Unilever.
Jim Chalmers has slammed a threat to jail the Woolworths chief executive as “confected outrage” that is detracting from the issue at hand.
Return on equity may be a useful measure for some businesses, but not retailers and certainly not to make a point about price gouging.
Woolworths and Coles bosses have told a Senate committee hearing that forced divestiture would affect jobs growth and investment.
There is a darker message for all businesses after the Woolworths boss was forced to cop political bile from a lightweight Greens senator.
Woolworths CEO Brad Banducci has been accused of trying to ‘bulls**t’ the supermarkets inquiry and threatened with jail time for contempt after refusing to answer a question.
The Woolworths boss has been accused of “bullsh**ting” and evading questions in a heated clash over supermarket profits.
Woolworths, Coles, ALDI and Metcash face massive fines – including up to 10 per cent of their turnover – under a new mandatory code of conduct urged by Craig Emerson.
Business chiefs have launched a fightback against the demonisation of corporate profits and the Labor’s ‘anti-business’ policies.
An urgent recall has been issued for a product nationwide that was sold at major supermarkets.
The supermarket giant has lowered the prices of hundreds of products across its meat, bakery and pantry categories.
Software giant Adobe has released AI-related products to amplify personalised advertising, drawing in customers as diverse as Woolworths and Qantas to the federal government.
This is Labor’s low-risk, consumer-friendly reform road – up to the point where it runs into the sharp elbows of the tech titans, supermarkets, banks, brewers and the Spirit of Australia.
Price gouging by Woolworths and Coles is one issue, but a deeper focus is needed on fresh food handling which creates more waste and leaves farmers to bear the burden.
Lower income earners and younger Australians are making sacrifices such as skipping meals or pulling back on non-essential items to afford groceries, the ACCC has reported.
Iron ore futures fall. Mesoblast up 45 per cent as seeks US FDA nod. Investors welcome Premier’s profit beat, demergers plan. 29Metals tumbles as suspends copper mine. Crown ‘suitable’ for licence.
Health, education, rent and energy costs are more elevated than food inflation, insists Scott Perkins who chairs both Woolworths and Origin Energy.
Original URL: https://www.theaustralian.com.au/topics/woolworths/page/5