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1. www.abc.net.au › news › 2024/02/19Supermarket industry insiders reveal how Coles and Woolworths ...

   www.abc.net.au › news › 2024/02/19

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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 ...

   • Coles and Woolworths promised discounts for years. Now the ...

     "The Down Down price was 9 per cent higher than the...

   • Coles and Woolworths hit with more reputational damage after ...

     Steve said Coles and Woolworths should be fined if found...

2. www.abc.net.au › news › 2024/09/23Coles and Woolworths promised discounts for years. Now the ...

   www.abc.net.au › news › 2024/09/23

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   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 ...

3. theconversation.com › yes-australias-bigYes, Australia’s big supermarkets have been price gouging ...

   theconversation.com › yes-australias-big

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   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.

4. www.ft.com › content › 4b6d8bc9-38d0-4815-b2d1-50fAustralia threatens billion-dollar fines for supermarket ...

   www.ft.com › content › 4b6d8bc9-38d0-4815-b2d1-50f

   Jun 24, 2024 · Woolworths’ longtime chief executive Brad Banducci announced his retirement this year, days after a fractious interview with broadcaster ABC on price gouging.

5. www.afr.com › politics › federalWoolworths price-gouging claims overblown: retail investor group

   www.afr.com › politics › federal

   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.

6. www.abc.net.au › news › 2024/09/24Coles and Woolworths hit with more reputational damage after ...

   www.abc.net.au › news › 2024/09/24

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   Sep 23, 2024 · Steve said Coles and Woolworths should be fined if found guilty. (ABC News)Even as both supermarkets have denied allegations of price gouging, the perception it is occurring has driven angry ...

7. People also ask

   Is Woolworths price gouging?

   • Woolworths' latest annual report shows that last financial year its pre-tax profit margin from selling groceries rose from 5.3 per cent to 6 per cent. That increase was worth an extra $318 million in profits last year alone. At the same time, its cost of doing business was flat. Mr Banducci denied this was evidence of price gouging.

   Supermarket industry insiders reveal how Coles and Woolworths profit

   www.abc.net.au/news/2024-02-19/coles-woolworths-supermarket-prices-profit-four-corners/103469300

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   Should Coles & Woolworths be fined for price gouging?

   • It's all rubbish," Brisbane resident Steve told the ABC. Steve said Coles and Woolworths should be fined if found guilty. (ABC News) Even as both supermarkets have denied allegations of price gouging, the perception it is occurring has driven angry consumers to take their complaints to their family, friends and social media.

   Coles and Woolworths hit with more reputational damage after year of

   www.abc.net.au/news/2024-09-24/people-power-brings-coles-and-woolworths-to-court/104384158

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   Is Woolworths price-gouging consumers?

   • 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.

   Woolworths price-gouging claims overblown: retail investor group

   www.afr.com/politics/federal/woolworths-price-gouging-claims-overblown-retain-investor-group-20240223-p5f7ed

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   Did woolworths'misle' customers?

   • Now the ACCC alleges they 'misled' customers on more than 500 products Woolworths and Coles are both facing allegations of "misleading" prices. (ABC News) Supermarket giants Woolworths and Coles have been accused of using their "Prices Dropped" and "Down Down" promotions to mislead Australian shoppers.

   Coles and Woolworths promised discounts for years. Now the ACCC alle…

   www.abc.net.au/news/2024-09-23/coles-woolworths-price-hike-accusations-accc/104383906

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   Will Coles & Woolworths face a price probe?

   • The supermarket giants will face a price probe by the consumer watchdog. 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.

   Coles, Woolworths respond to new price-gouging investigation

   au.finance.yahoo.com/news/coles-woolworths-respond-to-new-price-gouging-investigation-033332089.html

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   Are Coles and Woolworths working to keep groceries affordable?

   • 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 announced today.

   Coles, Woolworths respond to new price-gouging investigation

   au.finance.yahoo.com/news/coles-woolworths-respond-to-new-price-gouging-investigation-033332089.html

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8. au.finance.yahoo.com › news › coles-woolworthsColes, Woolworths respond to new price-gouging investigation

   au.finance.yahoo.com › news › coles-woolworths

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   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 ...