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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 ...
- Woolworths and Coles will be asked to explain their profits ...
Coles and Woolworths control 65 per cent of Australia's...
- Woolworths and Coles will be asked to explain their profits ...
Apr 15, 2024 · Coles and Woolworths control 65 per cent of Australia's grocery market, and have faced accusations of price gouging as customers struggle with cost of living pressures, and been heavily ...
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 ...
Oct 10, 2024 · The ACCC alleges that between September 2021 and May 2023, both supermarket chains temporarily increased prices on different products before promoting them as having been reduced, when in fact the advertised prices were higher than or the same as the price at which the products were originally offered prior to the temporary price spike. It is ...
Feb 23, 2024 · Claims supermarket giant Woolworths is price-gouging consumers and unfairly exercising its dominant market share are overblown and misleading, the group representing mum-and-dad investors says.
Jan 25, 2024 · Coles and Woolworths say they are “working to keep groceries affordable” and understand Aussies are “doing it tough”, as an investigation into supermarket prices is announced. The Australian Competition and Consumer Commission (ACCC) will carry out a 12-month price inquiry into supermarket prices, Prime Minister Anthony Albanese ...
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Are Coles and Woolworths working to keep groceries affordable?
Feb 20, 2024 · The Australian grocery chief walked out on a reporter when questioned over alleged price-gouging tactics. ... half year profit of A$929m (£482m; $608m), in part thanks to growing margins on its ...
