Woolworths,Coles,Aldi and Metcash chief executives will be summoned to front ACCC inquiry hearings due to begin in November.
In their duopoly,the big supermarkets have a licence to print money,which is premised on them not bleeding the Australian public dry.
The ACCC is suing the supermarket giants,alleging their “Prices Dropped” and “Down Down” discounts weren’t really what they seemed.
Everyone in this country relies in some way on the major supermarkets. It’s nigh on impossible to avoid them.
Myer shares have tumbled after the company unveiled its full-year results,but new CEO Olivia Wirth has vowed to invest in its languishing sass&bide,Marcs and David Lawrence brands.
You can’t argue that demand has been growing stronger than supply and so causing price rises,while claiming profits have not risen.
Private-label sales alone rose to $13.5 billion as Australians sought more affordable alternatives in the cost-of-living crisis.
As the cost-of-living crisis bites,discount grocery stores such as Cheaper Buy Miles and NQR are playing an increasingly important role in household budgets.
Price-matching and promotions are what JB Hi-Fi and The Good Guys are known for,and they’re not going anywhere,according to chief executive Terry Smart.
The Greek brand already commands a dominant position in the market but new boss Scott Hadley wants to see it in every fridge in Australia.
Nike’s top-selling sneakers have fallen out of favour with fashionistas,who are choosing Adidas’s low-rise models. This sartorial shift looks like it is starting to hurt Nike.