A local supermarket has been crowned one of the world’s best, scooping the IGA Supermarkets International Retailer of the Year award. Saints Foodland in Salisbury Plain in Adelaide’s northern suburbs was chosen from among its global peers and honoured with the title at a ceremony in Las Vegas. The storeContinue Reading
Australia’s consumer watchdog would have the power to ask the courts to split up supermarket giants and crack down on duopolies, if parliament votes in favour of a new Bill. The Greens on Wednesday will introduce divestiture legislation in the Senate, that would allow the Australian Consumer and Competition CommissionContinue Reading
Millions of dollars worth of fresh vegetables are going to waste each year due to supermarkets over ordering and rejecting farmer stock, with industry groups raising the alarm over “manipulative” non-binding supply deals. According to Australian fresh produce suppliers, farmers are losing up to $50 million annually due to supermarketsContinue Reading
Bob Katter and a Nationals senator have clashed on the sidelines of an inquiry probing the major supermarkets. A verbal altercation broke out between the maverick Kennedy MP and NSW senator Ross Cadell in Orange, while Mr Katter and independent MP Andrew Gee were announcing a parliamentary bill into theContinue Reading
The company behind major fashion brands Noni B and Rivers has been taken to Federal Court by the consumer watch dog for allegedly failing to deliver hundreds of thousands of items on time. Court proceedings commenced on Monday as the Australian Competition and Consumer Commission (ACCC) alleged the national retailer,Continue Reading
Labor will spend the week fighting cost-of-living fires on multiple fronts when parliament resumes, as the government gears up to pass its new-look tax cuts against a backdrop of another housing battle. While the changes to the stage 3 tax cuts will be the focus of the senate this week,Continue Reading
Supermarket giants could be stripped of their chains and have them sold off to boost competition under powers being pushed by Nationals leader David Littleproud. The conduct of Woolworths and Coles has been put back into the spotlight after a Four Corners investigation into the supermarket sectors’ pricing tactics. BothContinue Reading
Domino’s share price has received a thrashing despite reaching new sales heights as the Australian share market rallied on Thursday to a three-week high. The S&P/ASX200 closed up Thursday, gaining 36.20 points or 0.48 per cent to 7,555.40, despite mixed trading on Wall Street, with losses offset by strong gainsContinue Reading
Australia’s consumer watchdog has indicated it will not oppose Australia Post’s bid to increase stamp prices by as much as 25 per cent as it seeks stakeholder feedback on the proposed decision. The nation’s postal service last year announced prices for reserved ordinary letters delivered to the regular timetable wouldContinue Reading
The Albanese government will instruct the competition watchdog to scrutinise the supermarket industry amid accusations of price gouging. The 12-month probe, which will conducted by the Australian Competition and Consumer Consumer Commission (ACCC), will examine whether supermarkets have used their market power to expand their profits, and pressure consumers, farmersContinue Reading