Supermarket giant Coles has confirmed an emerging trend of shoplifting across the country, as inflated prices push more people to take desperate action. On Tuesday, the retailer posted a $1.1bn net profit for the 12 months to June 2023, up 4.8 per cent on its 2021-22 profit result. Despite consumersContinue Reading
Supermarket chain Coles has admitted that customers are cutting back on scores of essential products including big brands due to cost of living concerns. Australia’s second biggest grocer made the revelation in internal sales documents that were leaked to The Australian. It showed that during the last 12 months someContinue Reading
An Australian woman has gone viral after revealing the insane price of an everyday staple being sold at our biggest supermarkets. In her clip, which has attracted tens of thousands of likes and comments, TikTok user @beep___yen revealed that Woolworths and Coles were selling an eight-pack of Schick Hydro 5Continue Reading
One of Australia’s oldest chocolate brands has collapsed into administration and is seeking buyers urgently. On Wednesday afternoon, Chocolate & Confectionery Company Pty Ltd and a related entity appointed external administrators. These entities owned and manufactured Ernest Hillier Chocolates, a prestige chocolate brand stocked in major supermarket chains, including Woolworths,Continue Reading
Aussies have had to shell out more for eggs recently but the reason why is not entirely down to inflation. The cost of a box of eggs from caged hens has risen from around $4 a dozen to a staggering $8 or even $9 for free-range eggs. Egg farmers haveContinue Reading
Supermarket greed and the grocery duopoly between Coles and Woolworths are key reasons why prices for groceries have increased, inflating cost-of-living pressures on struggling households, experts say. In May, research conducted by investment bank UBS found the cost of food at Coles increased by 10.4 per cent in April, withContinue Reading
An Australian supermarket boss has revealed the top ways shoppers can save on groceries as thousands of prices are slashed in a major effort to ease cost of living pressures. IGA supermarkets dropped the prices on 860 products on Tuesday as part of their Low Prices Every Day initiative thatContinue Reading
A much-loved Australian milk brand has announced it has gone into voluntary administration, leaving loyal customers “devastated”. Made By Cow was sold in Coles and Woolworths as well as independent retailers and had amassed a cult-customer base selling the “world’s first cold-pressed raw milk”. The sale of unpasteurised milk hasContinue Reading
Shoppers at Australia’s largest supermarket chains have made an alarming change to their weekly shop amid the cost-of-living crisis. Throughout the first few months of 2023, shoppers at Coles supermarkets ditched well-known brands selling popular items such as chocolate and instant coffee in favour of own-brand alternatives such as ColesContinue Reading
A quick glance over Australia’s leading news outlets has revealed a terrifying trend sweeping the nation – and there’s more grim news ahead. At Queensland’s Courier Mail, one alarming headline screams: “Industry a ‘shambles’ as national builder teeters on the edge”. At The Gold Coast Bulletin, there’s news of aContinue Reading