Banducci’s resignation comes after he walked out of a Four Corners interview,where he was questioned about market concentration in the Australian supermarket sector.
The former watchdog supports giving the ACCC more powers to deal with anticompetitive behaviour,but is unconvinced there’s a case for breaking up Coles or Woolworths.
When an industry is dominated by just a few huge companies,they can,and often do,manipulate prices to their own advantage.
Transformation plans for its New Zealand operations are progressing slower than expected as high rebranding costs,a tough economy and high interest rates hit home.
The risk for Prime Minister Anthony Albanese is that allegations of price gouging might prove wide of the mark.
Brad Banducci has called for people to treat his team with respect after a rise in anger and abuse directed at staff following the controversial decision.
There is widespread ambivalence around Australia Day which makes Peter Dutton’s populist machismo over supermarket tat look like a stretch.
The famous Samuel Johnson quote is not always expressed as it was intended,but there’s wisdom in it.
The company confirmed it would fly the Aboriginal and Torres Strait Islander flags alongside the Australian flag at some of its offices,but said this did not mean putting them at its 1400 stores.
The Rum Rebellion on January 26 was our own day of shame,but instead it’s treated as something of a fun landmark in a colourfully boisterous history.
The prime minister also sent a clear signal he was willing to impose a mandatory code on Woolworths,Coles and other supermarkets to lower grocery prices.