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The Latest Breaking News from Woolworths

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.

AAP

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’.

Crikey

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

This blog is now closed

The Guardian - AU

Government moves to tighten planning rules to stop land banking and boost supermarket competition

The Albanese government, in a fresh strike against the supermarkets, has announced it will work with the states to reform regulations to help boost competition by opening more sites for new stores.

The Conversation

What the Woolworths and Coles grocery bonanza costs consumers

As the supermarket giants face increasing scrutiny over their role in Australia’s cost of living crisis, Crikey breaks down the key numbers at play.

Crikey

Coles and Woolworths are in hot water with the regulator. What happens now?

If ‘was/is’ pricing was the thought bubble of people in marketing, a lawyer says, the supermarket duo might be in for some trouble

The Guardian - AU

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‘Concerning’: ACCC interim report on supermarket inquiry tells of supplier woes and ‘oligopolistic’ market

It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action against the big supermarkets over alleged misleading pricing claims.

The Conversation

Morning Mail: Australia’s ‘oligopolists’, Musk’s Trump funding, and paths to negative gearing reform

Watchdog’s interim report slams Coles and Woolworths for squeezing out competition; Republican ground game paid for by billionaire’s Pac

The Guardian - AU

ACCC report slams Coles and Woolworths ‘oligopoly’

A new report from the ACCC puts pricing at the major supermarkets under the microscope, and Peter Dutton has equated foreign students with ‘boat arrivals’.

Crikey

Aldi reigns supreme as more customers compare grocers

Aldi has prevailed in a second supermarket basket comparison, a process many customers are carrying out before their weekly shop.

AAP

Major supermarkets breached trust, Albanese says

It is "a breach of trust" for supermarkets to behave like this, Anthony Albanese says after Coles and Woolworths were criticised over "misleading" specials.

AAP

Shopping around could help lower grocery prices for all

Aldi shoppers are paying significantly less than Coles or Woolworths customers but the biggest savers could be those shopping across all three.

AAP

Inflation may be falling but business’s drive to maximise profits fuelled Australia’s cost-of-living nightmare

A significant reason for the drop in inflation was the federal government’s energy bill relief fund and the rebates in Queensland, WA and Tasmania

The Guardian - AU

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Crikey

Woolies, Coles price gouging is morally indistinguishable from theft. It will happen again

Investing corporations with their own legal identity was a mistake because it implies they have a soul. They do not.

AAP

Psychological tricks behind supermarket discounts

Marketing experts say supermarkets are hitting on a human bias to buy with little thought when presented with apparent discounts.

The Guardian - AU

Australian supermarket pre-popped popcorn taste test: ‘Very addictive … I wouldn’t eat these publicly’

From a packet that would light up a boring work party to another that smells ‘like butter cultured in a jockstrap’, Nicholas Jordan grabs the popcorn – and is not entertained

The Guardian - AU

Phantom brands, ‘seasonal’ discounts and shrinkflation: the pricing tricks used by Australian supermarkets

Coles and Woolworths are accused of inflating prices – but those aren’t the only tactics hurting shoppers

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Pedestrian.tv

Redditor Seemingly Catches Woolworths Red-Handed With ‘Discount’ Tag Higher Than Regular Price

One Aussie Reddit user has apparently caught Woolworths red-handed with a price tag that doesn't match the discounted tag.

AAP

Aussie shares edge lower after RBA keeps rates on hold

The ASX200 fell 0.1 per cent, with fashion retailer Cettire soaring and uranium developers continuing to rise, while supermarkets were down for a second day.

Crikey

The Woolies and Coles price-gouging scandal might become an even bigger story

Were brands that have become household names in Australia aware of the pricing plans?

AAP

'Get your act together': PM calls out supermarkets

Coles and Woolworths have been told to start acting in the interests of Australians after the consumer watchdog accused them of misleading customers.

The Guardian - AU

How ‘was/is’ pricing works – and why it’s landed Coles and Woolworths in court

Competition watchdog has accused supermarket giants of breaching consumer laws with alleged ‘price spike’ practices

The Guardian - AU

Afternoon Update: grocery giants sued over ‘illusory’ discounts; new Socceroos coach; and abducted toddler found after 73 years

Anthony Albanese says if the allegations are found to be true it would be ‘completely unacceptable’ behaviour by the supermarkets

The Conversation

Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products

At a time most people are trying to cut their weekly grocery bills, Australia’s supermarket giants have been hit with legal action for allegedly misleading shoppers over the price of hundreds of products.

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