supermarkets

The bill follows a Government review earlier this year, which recommended making the code compulsory for all supermarkets and introducing tougher penalties for failing to observe the rules.

In its interim report, the ACCC argued the supermarket retail sector, with Coles and Woolworths, is an oligopoly.

Consumer group CHOICE compared the prices of the same 14 everyday items at supermarkets around the country.

The ACCC has launched proceedings, suing both Coles and Woolworths in the Federal Court for breaching Consumer Law.

CEO Leah Weckert said Coles has “endeavoured” to help customers “balance the household budget” during a year of increased “financial pressures on households and families”.

Coles and Woolworths control roughly two-thirds of Australia’s supermarket sector. Each company reported profits of more than $1 billion last financial year.

When discounts or specials were taken into consideration, Woolworths was $3.59 cheaper than Coles, and Aldi’s price remained the same.

A Senate inquiry into how supermarkets set their prices has recommended making price gouging illegal to stop unfair cost increases.

It comes amid several ongoing inquiries into the two major supermarkets, as they face questions over their conduct and profits during a cost of living crisis.

Woolworths was fined $1.2 million after it unpaid more than 1,200 workers long service leave entitlements over several years.

Australian supermarkets could face billions of dollars in penalties for severe abuses of power, under a new proposal tabled on Monday.

Several inquiries are underway into the practices of Australia’s supermarkets, and how they set the prices of groceries.

Woolworths CEO Brad Banducci has announced he is retiring in September this year.

Are supermarkets price gouging? Two Australian leaders have renewed concerns amid cost-of-living struggles.

Coles has announced it’s expanding its ‘Quiet Hour’ option to every weekday, 6pm to 7pm across its stores nationally.

Supermarket giant Coles has been accused of subjecting its workers to mandatory bag checks.

The Shop, Distributive and Allied Employees’ Association estimates that more than 20,000 current and former employees are owed backpay.

Tempo Foods has recalled some milk products across NSW and Victoria due to microbial (E. coli) contamination.

The measure will be trialled across 30 stores in South Australia, Victoria, Western Australia, and Queensland.