As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

 

[Nichola]

During the Covid years prices went up due to 'shortages' and delivery problems. When the crisis was over, prices DID NOT GO DOWN. And now, the insidious creep up, from week to week of the price of basic groceries -forty five cents here, a dollar there. At one stage a bag of cat litter shot from $14 to $21 with no explanation. Those sly increases all add up, especially for those of us who are less mobile, and probably on an Age Pension. Sometimes I try to shop for some staples, hoping to keep the cost at $50- But $50 goes nowhere!

 

[Kman]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

Honestly, what a load of hot $#@%. Shutting the gate after the horse has bolted. Did the people who posted this check under the markdown tags? I stopped shopping at Coles and Woolworths nearly a year ago. Nothing will come of the inquiry and they will still charge like a wounded bull.

 

[Maureen r4872]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

The cost of living has gone far higher than what I can send on food. Little luxuries are rare and now I have weetbix. Or toast to eat for dinner but there are more people that have least than me. But does parliament really care.

 

[Pat T]

When the inquiry starts they should get the supermarkets payout to their suppliers ( farmers) for the last 3 years and compare with retail costs. Of course their increased expenses has to be taken into account, but that would be peanuts compared to their gouging.

 

[June E]

I often look at the specials and usually most are things you can live without if you are short of money, like beauty products, chocolates and sweet stuff, fizzy drinks ice creams, chips ! There usually are very few specials on the staples people buy.

 

[Pat T]

The cost of living has gone far higher than what I can send on food. Little luxuries are rare and now I have weetbix. Or toast to eat for dinner but there are more people that have least than me. But does parliament really care.

Money and greed is the root of all evil. The Fat Cats don’t care who keeps them fat , and the pollies keep getting their benefits so why rock the boat.

 

[AlanQ]

During the Covid years prices went up due to 'shortages' and delivery problems. When the crisis was over, prices DID NOT GO DOWN. And now, the insidious creep up, from week to week of the price of basic groceries -forty five cents here, a dollar there. At one stage a bag of cat litter shot from $14 to $21 with no explanation. Those sly increases all add up, especially for those of us who are less mobile, and probably on an Age Pension. Sometimes I try to shop for some staples, hoping to keep the cost at $50- But $50 goes nowhere!

Inflation is the key reason for prices staying high post covid. Fruit & veg was the most noticeable price increases, covid and floods contributed to that. The RBA only has 1 weapon to fight inflation and that interest rates. Only mortgage holder feel that pain, but the whole community feels the pain associated with inflation. Not any different in any other country around the world, the difference they hit interest rates earlier than we did and as such got spiraling inflation under control. Current (fixed) mortgage in the US is 6.65% but their inflation is around the 3.5-4% mark, where the RBA want our inflation to sit.

 

[AlanQ]

Most of these tags are for the same product, different colour or flavour, but same product in reality, just 1 tag would have sufficed the items.

 

[DLHM]

I often look at the specials and usually most are things you can live without if you are short of money, like beauty products, chocolates and sweet stuff, fizzy drinks ice creams, chips ! There usually are very few specials on the staples people buy.

I agree with you @June E. I’ve noticed it’s primarily “junk food” and non essential items that have the biggest price cuts.

 

[Phantom36]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.enator
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

I hope Senator McKim looks at the profit the banks make and tell them they are not allowed to make 8 billion a year, then look at the high inflation rate and tell it to be lower. The supermarkets only made just over 1 billion dollars, what about IGA, ALDI their prices are comparable with the big 2, are they going to be hauled over the coals too. It would be a very brave government that starts to dictate the amount any business can make. Big brother.

 

[Thedutchess]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

Great… they have quite a few things on sale. I think that the sale price should be the regular price. Do this store wide and see how much customers will start purchasing again and not feel scared to buy. Just saying C & W.

 

[Ian Crane-Luff]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

Mark up the regular price by a fair margin and then mark it back down to the regular full price and claim it's on sale.

 

[Ian Crane-Luff]

I hope Senator McKim looks at the profit the banks make and tell them they are not allowed to make 8 billion a year, then look at the high inflation rate and tell it to be lower. The supermarkets only made just over 1 billion dollars, what about IGA, ALDI their prices are comparable with the big 2, are they going to be hauled over the coals too. It would be a very brave government that starts to dictate the amount any business can make. Big brother.

Aldi's profits are much higher than Coles or Woollies

 

[elaine41]

Health & beauty products are never on my shopping list at Coles or Woolies. They put these things on special because they are low on the priority list of 99.9% of shoppers so they don't actually "lose" money on them. What a load of croc!! Put some real specials on if you want to convince me that you are genuinely trying to keep my shopping cost down.

 

[Catherines]

There is a government inquiry into supermarket prices against wholesaler's pricing and farmer's pricing, in process at the moment. What will come of it is anyone's guess. I suspect the big supermarkets are trying to make us (and the government) believe these are genuine reductions so they can show the government they are actually reducing prices!! Once the inquiry is over, give it a few weeks and the prices will rise again. Or the government will slink into the background without anything being done.

 

[Olddingo]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

Even if they are found out. They have all our money now any way. Their shareholders have been rubbing their hands together that hard they have callouses. They are the ones building all the houses and renting them out at outrages prices. So next time you see some one rubbing their hands with a smile a mile long. You'll know who they are. Plus what ever fine they get will be a drop in the bucket. That has our money in it.

 

[Littleboy8]

During the Covid years prices went up due to 'shortages' and delivery problems. When the crisis was over, prices DID NOT GO DOWN. And now, the insidious creep up, from week to week of the price of basic groceries -forty five cents here, a dollar there. At one stage a bag of cat litter shot from $14 to $21 with no explanation. Those sly increases all add up, especially for those of us who are less mobile, and probably on an Age Pension. Sometimes I try to shop for some staples, hoping to keep the cost at $50- But $50 goes nowhere!

I don’t buy kit lit anymore I have been tearing up any junk mail that I get into little pieces cat doesn’t care. Better for our health no dust or fibres in the unit.and it gives me great pleasure to see the cat pee and poop on the woollies,coles etc catalogues.

 

[Janice McKay]

As the Australian community braces for the upcoming parliamentary inquiry into alleged supermarket price gouging, some eagle-eyed shoppers have taken to social media to highlight a significant change at Coles supermarkets.

With the cost of living on the rise, these ‘changes’ have sparked a conversation about the pricing strategies of major grocery chains.

The story starts with a couple filming their experience walking through a Coles store, noting an unusual number of markdowns.

The video, which quickly circulated online, showcased aisle after aisle adorned with yellow markdown tickets, suggesting a store-wide discounting spree.

The woman in the video can be heard expressing her disbelief, 'This is actually insane. As if this is normal. This is not normal.'

Another person commented: 'So funny watching Coles publicly sh**ting their pants.'

View attachment 38888

The shopper described the scene as ‘crazy’ because every aisle had a yellow ticket. Image: TikTok/@ellaxthezoo

The footage has prompted discussions among shoppers over whether this is a genuine attempt by Coles to offer relief to consumers or a strategic move to mitigate negative perceptions ahead of the inquiry.

The inquiry itself was announced after widespread criticism of Coles and Woolworths, as both supermarkets reported significant profits amidst Australians grappling with soaring inflation, rent hikes, and interest rate increases.

The inquiry is expected to proceed in early 2024, and it will undoubtedly be a pivotal moment for the Australian grocery industry. It will not only scrutinise the pricing strategies and the rise in the cost of essential items but will also examine the impact of the Coles-Woolworths duopoly on food prices. You can read more about that here.

In response to the video and the ensuing public discourse, a Coles spokesperson emphasised that the supermarket regularly offers promotions and specials, particularly in their health and beauty aisles.

They stated: 'At a time when cost of living pressures are mounting for many customers, Coles is committed to [helping] Australians with a range of value campaigns to support customers in tough economic circumstances.'

Coles has been promoting its 'Great Value, Hands Down' campaign, weekly specials, and the Flybuys program as part of its efforts to deliver value to Australian households.

The supermarket chain also highlighted its support for a network of over 8,000 suppliers and its role as an employer to more than 120,000 Australians.

Both Coles and Woolworths have confirmed that their Chief Executives, Leah Weckert and Brad Banducci, respectively, will appear before the inquiry.

Coles has stated that it has been 'working hard to keep prices affordable,' with Ms Weckert expressing readiness to engage in an informed discussion on supermarket pricing.

‘We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing,’ Ms Weckert said in a statement.

Similarly, Mr Banducci of Woolworths has acknowledged the cost of living pressures and welcomed the opportunity to explain the supermarket's efforts to balance various needs in the face of inflation.

‘We welcome the opportunity to explain to the senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure,’ he said.

‘As we have done at several inquiries this year, we will openly and constructively assist the parliament with its work on this important topic.’

As the inquiry looms, the Greens, with the support of Labor, have been vocal in their criticism of the supermarket giants.

Greens Economic Justice Spokesman Senator Nick McKim has called for an end to the duopoly, accusing Coles and Woolworths of making billions in profits by price gouging during a cost of living crisis.

This comes after reports that Coles’ price inflation was just 3.1 per cent for the July to September quarter, significantly lower than the national inflation rate of 7.2 per cent, according to the Australian Bureau of Statistics (ABS).

As we await the findings of the inquiry, it's important for consumers to remain vigilant and informed about the pricing practices of supermarkets.

You can watch the couple’s full video below:

Source: TikTok/@ellaxthezoo​

Key Takeaways

• Some Coles shoppers have noticed a significant increase in markdown prices ahead of a parliamentary inquiry into alleged supermarket price gouging.
• A couple recorded footage showing extensive markdowns in a Coles store, with yellow markdown tickets on numerous products.
• Coles and Woolworths executives will be questioned in an inquiry to assess their pricing strategies and the impact of their market dominance on food pricing.
• Coles claims its price inflation was much lower than the national rate, and the supermarket has been focusing on offering value to customers amid increasing cost of living pressures.

What do you think of this story? Let us know in the comments below!

All well and good but, was it the same in the food aisles? I noticed just last week that Flora Margarine the 1kg pack is on the rise again at $8.95 is going way over. Used to be $5.00 , this is price gouging at its highest. Who needs hair dye reduced I ask you.

 

[David567]

Makes me laugh when they say s**t like "we only make $2.60 per $100 of sales" and "We are committed to giving great value"
Who do they think they're kidding. We already know they make more than that on fruit and veggies alone. Look under the yellow tickets and you'll see that the price hasn't changed.
There was once a time when Coles and WW competed for the best price and service but now it's who can make the biggest profits.
Everything they say is bullshit.