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Feb 18, 2024 · It gets a 33 per cent gross profit margin. Normally, if a supplier got its increase, Woolworths buys for $2.20 and sells for $3.30. Woolworths keeps its 33 per cent margin. Everyone gets the same ...
Oct 11, 2024 · The duopoly rejected suggestions they had been price gouging consumers. Woolworths said its profit was 3¢ for every dollar spent in store, while Coles said its profit was more like 2.6¢ per ...
Sep 23, 2024 · "The Down Down price was 9 per cent higher than the product's previous regular price of $5.50." As with Woolworths, the ACCC alleged Coles had planned the temporary price strike "following a ...
Sep 24, 2024 · On Monday Woolworths had a market value of $42.3 billion, while Coles was valued at nearly $25 billion. What the ACCC is alleging is simply a form of price gouging. “The ACCC alleges that the ...
- Glenn Dyer
Sep 23, 2024 · Woolworths has been accused of increasing the prices temporarily of at least 266 different products before putting them on the Prices Dropped campaign, while at least 245 different products have ...
May 8, 2024 · A much-awaited report into Coles and Woolworths has found what many customers have long believed – Australia’s big supermarkets engage in price gouging.
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Apr 17, 2024 · April 17, 20242 mins read. +. The CEOs of supermarket giants Coles and Woolworths stated their cases to the Senate inquiry this week as the government looks into the allegations of price gouging and anti-competitive practices. Both companies have now uploaded their opening statements online.
