Super Power: The cost of living with Coles and Woolworths
10 months ago

Super Power: The cost of living with Coles and Woolworths

ABC  

"SUPER POWER" 19 Feb, 2024 Four Corners CUSTOMER: Have a go at this. ANGUS GRIGG, REPORTER: It's hard to see how you haven't used the cover of inflation to drive price increases above that, and that's what most people would see as price gouging. ANGUS GRIGG, REPORTER: This might give you the impression that Coles and Woolworths are in a fierce price war, but that's not how the duopoly works. ANGUS GRIGG, REPORTER: The fact that there's little difference on price is something that even Coles CEO Leah Weckert concedes. ANGUS GRIGG, REPORTER: It's a lot stronger word than anxiety BRAD BANDUCCI, WOOLWORTHS CEO: So we engage with our suppliers every week.

Power Price Cost Nsw Super Higher Prices Woolworths Coles Ceo Grigg Four Corners Greens Price Gouging Reporter No Doubt Barossa Leah Weckert Weckert Choice Campaigns Director Rosie Thomas Industry Insider Julian Hilliard Coles Ceo Brad Banducci Our Suppliers Senator Nick Mckim Jeremy Griffith National Farmers Federation Horticultural Board Barossa Grape Grower Former Category Manager Two Churches Rod Sims Michael Cunial Cunial Woolworths Ceo  price  ceo  theres  woolworths  really  cost  weckert  reporter  living  thats  coles  power  super  grigg

History of this topic

Grocery prices at Coles and Woolworths go up and down. What's behind the pattern?
1 month, 3 weeks ago

Grocery prices at Coles and Woolworths go up and down. What's behind the pattern?

ABC  

If you were to grab a box of Cadbury Favourites off the supermarket shelf, how much would it cost? The thinking behind high-low price changes Sanjoy Paul, an associate professor in operations and supply chain management at the University of Technology Sydney's business school, said these price movements were a retail strategy called "high-low" pricing. Sales prices condition consumers Dr …

Woolworths boss walks away from the supermarket with multi-million dollar payout as Oxfam declares Aussies are fed up with Woolies and Coles duopoly
3 months, 3 weeks ago

Woolworths boss walks away from the supermarket with multi-million dollar payout as Oxfam declares Aussies are fed up with Woolies and Coles duopoly

Daily Mail  

Woolworths CEO Brad Banducci has left the grocery giant with a payout reported to be as much as $24million as new research shows struggling Aussies want more accountability from the big two supermarkets. Woolworths, which makes 2.5 cents off every dollar spent, this week announced an initial net profit of $1.7 billion, down 0.6 per cent from the year before. …

How did Coles and Woolworths become so powerful? The story of the big two supermarkets
10 months ago

How did Coles and Woolworths become so powerful? The story of the big two supermarkets

ABC  

Australia is the land of the supermarket duopoly — where the big two of Coles and Woolworths control 65 per cent of the grocery market. "One of the key strategic innovations in Australian business history is that both Coles and Woolworths pivot in the 1950s … They decided to go into food." Gary Mortimer, a professor of marketing at Queensland …

The tactics Coles and Woolworths use to maintain their power over Australia's grocery market
10 months ago

The tactics Coles and Woolworths use to maintain their power over Australia's grocery market

ABC  

Coles and Woolworths say they're looking out for you – they are the fresh food people or the home of everyday low prices. Meanwhile, an industry insider says Woolworths began a campaign 18 months ago to increase its profit margins – asking to "share" in any price increases it granted to its suppliers. Coles CEO Leah Weckert says she wasn't …

Supermarket industry insiders reveal how Coles and Woolworths profit off rising prices
10 months ago

Supermarket industry insiders reveal how Coles and Woolworths profit off rising prices

ABC  

In short: Emails show how Coles increases the prices you pay for products in return for one-off payments from its suppliers. Shoppers 'getting screwed' The emails show Coles received a one-off payment from a multinational supplier for allowing a price increase, then passed on this cost to customers. The price increase of around 5 per cent, which the supplier sought …

Coles and Woolworths make their defence on supermarket prices to Senate inquiry
10 months, 2 weeks ago

Coles and Woolworths make their defence on supermarket prices to Senate inquiry

ABC  

In short: Coles has pointed to wage rises, supplier cost increases and high energy prices as some reasons for high grocery prices in recent months. "We work constructively with our suppliers on promotional campaigns to offer great value to customers and to limit or defer the impact of supplier cost price increases to keep costs low for customers." Woolworths confident …

Coles is called out over price of 'tiny' grocery haul - as female tradie breaks down in tears over Australia's skyrocketing prices
1 year, 3 months ago

Coles is called out over price of 'tiny' grocery haul - as female tradie breaks down in tears over Australia's skyrocketing prices

Daily Mail  

A young Aussie has exposed how much his tiny haul of groceries cost, just days after Woolworths and Coles posted enormous multi-billion dollar profits. The Coles grocery haul included cage-free eggs, soy milk, twiggy sticks, bacon, rice, coffee, dog food, onions, garlic and carrots. While Woolworths and Coles posted enormous multi-billion dollar profits this week, a young man made it …

Coles and Woolworths food prices rise by 9.6 per cent in past year, outpacing inflation rate
1 year, 7 months ago

Coles and Woolworths food prices rise by 9.6 per cent in past year, outpacing inflation rate

ABC  

Australian supermarket food prices have increased by a new peak of nearly 10 per cent over the past 12 months, outpacing annual inflation as the cost of living continues to rise. Key points: Analysis by UBS found food prices at Coles and Woolworths increased to 9.6 per cent in the past 12 months Coles prices increased to 10.5 per cent …

Coles, Woolworths profit surge raises questions over inflation profiteering
1 year, 10 months ago

Coles, Woolworths profit surge raises questions over inflation profiteering

ABC  

Daniel Comins's freezer is packed with frozen vegetables. Key points: Coles' profit increased by 17.1 per cent, and Woolworths' profit rose by 14 per cent Both supermarkets increased their gross profit margins The grocery giants argue a decrease in COVID-related costs drove much of the profit rise He has changed his shopping habits as he had tried to ward off …

Coles profits edge up, but inflation hurts both consumers and earnings growth
2 years, 3 months ago

Coles profits edge up, but inflation hurts both consumers and earnings growth

ABC  

Supermarket giant Coles has said the higher cost of living is starting to bite for some customers. Key points: Coles recorded a 4.3 per cent increase in profit to $1.05 billion The supermarket giant says many of its suppliers are requesting price increases for their products as their costs rise The company's CEO said around 20 per cent of its …

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