Supermarket behemoth Woolworths will accept lower profits if its delivers “material value” to its customers, its CEO has said during a state-based grilling into grocery prices. Chief executive Brad Banducci, appearing before the South Australian legislative council, defended his company’s $1.62bn profit haul in 2023, but said the retail giantContinue Reading
The Transport Workers’ Union has supermarket giant Aldi in its sights, with the union set to kick off a months-long campaign to pressure the retailer to negotiate a national agreement for transport employees. The TWU also wants Aldi to sign on to a charter ensuring “minimum standards” across Australia’s supermarketContinue Reading
Aldi has confirmed a basket “shortage” at one of its Sydney stores, after photos emerged of shoppers using cardboard boxes to carry around their groceries. Over the weekend, Yahoo News reported customers had resorted to the act at the supermarket giant’s Westfield Eastgardens, North Strathfield and Waterloo locations, using theContinue Reading
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