Coles Woolworths

2024 - 9 - 24

Woolies and Coles in Hot Water Over 'Discount Drama'!

ACCC - Australian economy - Coles - consumer rights - legal action against companies - social media consumer behavior - supermarket discounts - Woolworths

Oops! Woolworths and Coles face legal battles for allegedly duping customers with misleading discounts. 🤯

Get ready, Singapore! The grocery giants from down under are facing some serious heat! The Australian Competition and Consumer Commission (ACCC) has launched proceedings in the Federal Court against Woolworths and Coles. Why, you ask? Well, it seems that these supermarket behemoths have been accused of playing a bit of fast and loose with their discount promotions. Apparently, the ACCC suspects that the two chains have misled consumers into thinking they were getting great deals, when in actuality, those discounts were as elusive as the last ice cream cone on a hot summer day!

In what is being dubbed a 'discount drama,' the ACCC has taken legal action over what they describe as ‘illusory’ discounts offered by the supermarket titans. The watchdog claims that shoppers have been misled regarding hundreds of products, leading to an uproar that’s turning the grocery aisles into a courtroom drama. If the ACCC succeeds in its lawsuit, both Woolworths and Coles could face significant penalties, and let’s be real – that’s a hefty price to pay for misleading discounts.

But wait, there’s more! The allegations extend beyond just confusing promotions. To top it all off, the competition watchdog accused the supermarket giants of engaging in deceptive pricing practices, sparking serious conversations about consumer protection laws in Australia. It’s a wild time for customers down under who rely on these stores for their daily groceries, all while wondering if their bargain buys were ever a bargain at all!

As this lawsuit unfolds, the public relations storm is brewing, and Woolworths and Coles are facing scrutiny like never before. Will they manage to sway public opinion back in their favour, or are they destined for a lashing in court? In the world of discounts and grocery shopping, this saga highlights just how crucial transparency is for shoppers looking to score the best deals. So keep your eyes peeled, Singapore! The domino effect of this legal tussle might just ripple over to our shores.

Did you know? Woolworths and Coles dominate the Australian grocery market, possessing a staggering 70% share of sales. With allegations like these coming to light, it’s a stark reminder of why consumers need to stay vigilant while shopping. And here's a fun nugget: Australia was home to the world’s first supermarket, which opened in 1946, so it seems only fitting that the retail giants must now navigate the pitfalls that come with their massive influence on the market!

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Image courtesy of "Law Society Journal"

ACCC targets Woolworths and Coles over misleading promotions ... (Law Society Journal)

The ACCC has launched proceedings in the Federal Court against Woolworths and Coles for allegedly deceiving consumers through their discount promotions on ...

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Image courtesy of "just-food.com"

Australia's Woolworths, Coles sued over “illusory” discounts (just-food.com)

Australia's ACCCA has launched legal action against the country's two largest supermarket groups for allegedly misleading consumers.

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Image courtesy of "Reuters"

ACCC sues Australia grocery giants Woolworths and Coles over ... (Reuters)

Australia's consumer watchdog accused the country's two largest supermarket chains of misleading shoppers about discounts on hundreds of products in ...

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Image courtesy of "The Guardian"

How 'was/is' pricing works – and why it's landed Coles and ... (The Guardian)

Competition watchdog has accused supermarket giants of breaching consumer laws with alleged 'price spike' practices.

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Image courtesy of "The Star Online"

Discounts lead to Coles, Woolworths litigation (The Star Online)

SYDNEY: Woolworths Group Ltd and Coles Group Ltd, Australia's two biggest supermarket chains, have been sued by the country's competition regulator over ...

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Image courtesy of "Newcastle Weekly"

Coles and Woolworths head down, down to federal court (Newcastle Weekly)

Australia's two biggest supermarket chains will be hit with significant penalties if the consumer watchdog successfully sues them for fake discount schemes.

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Image courtesy of "The Australian Financial Review"

Coles and Woolworths are in big trouble (The Australian Financial Review)

The big supermarket chains have already lost the public relations war over the ACCC's allegations of fake discounts. What's the next move?

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Image courtesy of "The Australian Financial Review"

WOW COL ASX: Aldi the big winner from Woolworths and Coles ... (The Australian Financial Review)

Investment banks are warning of enormous penalties and reputational damage after the ACCC alleged they advertised specials that were cheaper weeks earlier.

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Image courtesy of "ABC News"

Coles and Woolworths hit with more reputational damage after year ... (ABC News)

Regular customers, fed up with Coles and Woolworths' marketing tactics, have set off a chain of events that have seen Australia's biggest grocers dragged ...

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Image courtesy of "The Washington Post"

Australia's two largest supermarket chains sued over fake-discount ... (The Washington Post)

The country's regulator found that Woolworths and Coles hiked the price of Oreos, Kleenex and other staples before cutting them to create “illusory” ...

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Image courtesy of "The Australian Financial Review"

Woolworths, Coles: How social media prompted ACCC's pricing ... (The Australian Financial Review)

As consumers' belts tightened, price-sensitive shoppers vented their frustrations online on Reddit, TikTok and X. The ACCC, it seems, was listening.

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Image courtesy of "The Sydney Morning Herald"

The cruellest part? Coles and Woolworths appeared to target battlers (The Sydney Morning Herald)

In their duopoly, the big supermarkets have a licence to print money, which is premised on them not bleeding the Australian public dry.

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Image courtesy of "Holding Redlich"

Down, down… to court we go: Coles and Woolworths in hot water ... (Holding Redlich)

The Australian Competition and Consumer Commission (ACCC) has commenced separate proceedings in the Federal Court of Australia against Coles Supermarkets ...

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Image courtesy of "Retail Asia"

ACCC sues Australia's Woolworths and Coles for 'illusory' discounts (Retail Asia)

The promoted prices were either the same as or higher than the regular prices before the spike.

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Image courtesy of "SmartCompany.com.au"

ACCC action against Coles, Woolworths a “wake up call” for other ... (SmartCompany.com.au)

Legal experts say businesses across Australia should pay close attention to the ACCC's allegations of supermarket pricing misconduct.

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Image courtesy of "Yahoo Finance Australia"

Woolworths and Coles suffer $4 billion bloodbath after Aussie ... (Yahoo Finance Australia)

The two biggest supermarkets has had billions wiped off its share value since it was accused of misleading the public.

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