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The Latest Breaking News from Coles

Profit squeeze as supermarkets try to win back shoppers

Woolworths and Coles are ratcheting up discounts to win back shoppers dissatisfied with price rises in the sector, and taking a hit to profits in the process.

AAP

Local shares down to round out worst month since April

The ASX200 has finished Thursday down 0.3 per cent to record its biggest monthly drop since April, with supermarkets Woolworths and Coles leading the fall.

AAP

Aussies willing to visit eight shops for groceries

The cost-of-living crunch is motivating more Aussies to shop around but it hasn't halted Coles sales growth, up 2.9 per cent in the first quarter.

AAP

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Woolworths profits down as cost of living hits shoppers

Profits at Australia's biggest supermarket giant have taken a hit as cash-strapped shoppers search the aisles for cheaper options and Woolworths shares slump.

AAP

Woolworths profits hit as cost-of-living squeeze pushes Australians to cheaper products

Supermarket chain’s slowdown comes as competition watchdog accuses retailer of ‘illusory’ discounts on hundreds of items

The Guardian - AU

Afternoon Update: supermarkets blame others in fake discounts case; Pelicot to testify in French mass rape trial; and a chocolate taste test

ACCC lodges fresh legal documents showing more than 250 items which it alleges had prices briefly raised before being ‘discounted’

The Guardian - AU

Woolworths and Coles blame suppliers and ‘outbreak of high inflation’ in fake discounts case

Supermarket giants appear in federal court in Melbourne for first time since ACCC launched action over alleged price increases and discount deals

The Guardian - AU

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Coles, Woolies call price check on ACCC discount claim

Supermarket giants Coles and Woolworths will fight the consumer watchdog over accusations of dodgy "price drop" campaigns.

AAP

Cockatoo ‘living on brioche’ inside Sydney supermarket rescued after four weeks

‘Mickey is everyone in Sydney’s spirit animal at the moment, eating free food,’ New South Wales premier Chris Minns said

The Independent UK

The Cockatoo Who Lived In A Sydney Coles For 4 Weeks Feasting On Brioche & Is Finally Free

Mickey the Cockatoo is Sydney's newest celebrity. He's been trapped in a Coles for 4 weeks, and needs to be freed. He loves eating brioche.

Pedestrian.tv

Cockatoo rescued after ‘living on brioche’ for four weeks inside Sydney supermarket

NSW environment minister hopes ‘Mickey will be flying free by tomorrow’ after successful capture by wildlife services

The Guardian - AU

Qantas sackings, dodgy banks, gouging companies. Any wonder we hate big business?

Business should stop complaining about being publicly attacked until they’ve cleaned up their act on price gouging, misleading customers, illegally sacking workers and mistreating staff.

Crikey

Supermarkets blamed most for cost-of-living woes

A new report reveals Australians lay the blame for the rising cost of living at the feet of supermarkets.

AAP

Supermarkets tight-lipped on Tim Tam price discrepancy

Australia's major supermarkets say their suppliers are being hit by inflation which is trickling through to prices at the checkout.

AAP

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Crikey

Young people are often invoked, but rarely heard in Parliament. When given the chance, what do they say?

For Youth Voice in Parliament Week, politicians used their speaking time to deliver a speech written by a constituent aged 25 or under.

The Guardian - AU

Aussie classics Vegemite and Tim Tams cheaper in UK supermarkets than Australia

Vegemite sells for 30 cents more per 100g in Australia, a salty byproduct of lower supermarket competition sure to leave a bad taste

Newcastle Herald

How too many hoops to jump through risks driving away dedicated volunteers

Letters: 'It's occurring in many volunteering services'

AAP

Woolworths lands apartment tower deal for prime site

A vacant inner-city site bought by Woolworths' development arm in 2020 will become a multi-storey apartment complex anchored by the supermarket.

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AAP

Rising grocery prices makes feeding kids a challenge

Australian shoppers say it has become harder to provide kids with nutritious food and it's time for the government to crack down on supermarkets.

The Conversation

‘Shrinkflation’ is the Albanese government’s next target to protect supermarket shoppers

The Albanese government will tackle “shrinkflation” in supermarkets and potentially other parts of the retail sector.

Pedestrian.tv

Coles Responds To Viral TikToks Where An Employee Appears To Add ‘Yuge Mark Ups On Products

"Rip dude risked his job for this."

AAP

Expert rejects supermarket land banking concerns

A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.

Crikey

Coles and Woolies might cop a fine. How big would it actually be?

A back-of-the-envelope calculation brings us to more than the GDP of Australia.

Crikey

Israeli military enters southern Lebanon

The ground raids follow Israeli Defence Minister Yoav Gallant reportedly telling troops that Israel would ‘use all the means that may be required … from the air, from the sea, and on land’.

The Guardian - AU

Assange says he is free because he ‘pled guilty to journalism’ – as it happened

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