Category Archives: Coles

‘We’ve got to break them up’: farming groups say supermarkets use market power to distort prices

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Claim comes amid state and federal inquiries into Australian grocery sector and what producers say is a widening gap between wholesale and shelf prices

Farming groups have accused the major supermarkets of using their power to distort the market, leading to elevated prices for shoppers and low prices for producers.

The claim comes amid falling global prices for agricultural goods that have failed to dent grocery bills, and growing scrutiny of supermarket pricing practices through newly announced federal and state parliamentary inquiries.

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Annual profit is more than $1bn for Woolworths and Coles. How do they set prices and can they justify rises?

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Farmers and consumers alike are sharing their frustration amid the cost-of-living crisis as a government inquiry into the Australian supermarket giants looms

Australian supermarkets breezed through the pandemic, increasing profits and shareholder returns even as living costs surged, all while avoiding the scrutiny faced by their overseas counterparts.

But a looming parliamentary inquiry, and a revitalised political interest in the discrepancy between prices paid to farmers and those charged by supermarkets, means the sector has been thrust into the spotlight.

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Coles, Woolworths and Aldi ‘responsibly sourced’ salmon labels may be misleading, watchdog told

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Environmental groups allege some of the supermarkets’ salmon is from Tasmanian farms reportedly having ‘catastrophic’ impact on ancient Maugean skate

Major supermarkets may be misleading consumers that their salmon products are responsibly sourced as some is produced in Tasmanian farms that are “far from sustainable”, environmental groups say.

The Environmental Defenders Office, acting on behalf of four environmental groups, has made a complaint to the consumer watchdog, urging it to investigate whether “responsibly sourced” labelling on seafood products and promotional material used by Coles, Woolworths and Aldi have broken consumer law by misleading consumers.

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Coles and Woolworths to face Senate scrutiny amid claims of profiteering

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Greens win support for inquiry into effect of market concentration on food prices and pattern of major chains’ pricing strategies

Australia’s big supermarkets will face fresh scrutiny with a Senate inquiry to investigate their market power and pricing decisions, amid concerns they have profiteered during an inflationary period marked by fast-rising food costs.

The Greens have secured cross-party support to set up the inquiry which will examine the effect of market concentration on food prices and the pattern of pricing strategies employed by the major chains, Coles and Woolworths.

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ACCC delays decision on Coles buying milk processing plants from Saputo

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Dairy farmers warn the deal could reduce competition and lead to lower prices for producers

The Australian consumer watchdog has delayed its decision on the acquisition by supermarket giant Coles of two major milk processing facilities, which dairy farmers warn would further reduce competition and lower milk prices.

In April, Coles announced it had purchased two fresh milk processing plants from dairy processor Saputo for $105m, subject to regulatory approval from the Australian Competition and Consumer Commission (ACCC).

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Coles and Woolworths say their profits are modest – but does that stack up?

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The two big Australian supermarkets under scrutiny at a federal parliamentary inquiry into economic dynamism

When a representative of Australia’s biggest supermarket chain answered questions at a parliamentary committee about profits, the response created an impression that margins were modest and, if anything, falling.

The assertion appears to rub against data that shows Woolworths and Coles have greatly increased profits derived from grocery items during the inflationary period and related cost-of-living crisis.

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Australia should increase competition to fight ‘excessive pricing’ by supermarkets, Rod Sims says

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Former regulator head’s comments follow Guardian Australia analysis which shows Coles and Woolworths increased profit margins during cost-of-living crisis

The former competition watchdog head Rod Sims says Australia’s big supermarkets have likely used their market power to increase prices higher than necessary during a cost-of-living crisis and that the government should consider reforming merger laws to limit their dominance.

Sims, who retired as the chair of the Australian Competition and Consumer Commission (ACCC) last year, said Coles and Woolworths have little to worry about when making pricing decisions because they control two-thirds of the market.

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Coles confirms its customers impacted by Latitude Financial data breach

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Supermarket giant says it is disappointed after being informed that historical customer credit card details have been stolen by hackers

Coles Financial Services has expressed its disappointment after being alerted that historical customer credit card details were stolen in the Latitude data breach.

Coles credit card holders’ personal details are the latest to be identified in around 14 million customer records compromised in the hack.

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More stockpiles of soft plastics from failed REDcycle recycling scheme uncovered

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Dozens of storage sites found across Australia but estimated amount of plastic reportedly falls from 12,350 tonnes to 11,000

New stockpiles of soft plastics from the failed REDcycle recycling scheme have been uncovered as the work to develop an alternative program continues.

The program was wound up in November 2022 after it emerged that plastics consumers had returned to supermarkets to be recycled were instead put into storage.

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Coles and Woolworths ordered to dump more than 5,200 tonnes of recycled soft plastic in landfill

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NSW environment officials alert Fire and Rescue over concerns plastic is being stored dangerously following suspension of the REDcycle scheme

Supermarket giants Coles and Woolworths have been ordered to dump more than 5,200 tonnes of soft plastic – currently being stored at warehouses across New South Wales – into landfill.

The NSW Environment Protection Authority is concerned that huge amounts of soft plastic are being dangerously stored at 15 locations due to the suspension of botched recycling initiative REDcycle.

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Coles recalls popular cheese from supermarkets over E coli fears

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Traces of contaminant found in Coles Finest Australian Organic Washed Rind Raw, sold in Victoria and Tasmania

A popular cheese has been pulled from supermarket shelves after traces of a dangerous contaminant were discovered.

The product in question – Coles Finest Australian Organic Washed Rind Raw – has been available for sale online and in-store throughout Victoria and Tasmania since 14 December.

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Coles recalls more spinach products as fears over potential contamination widen

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Supermarket warns over 11 own-brand products, following earlier recalls by Woolworths and Costco

Coles has recalled 11 own-brand spinach products as the scare over contamination of fresh produce in Australia widens.

On Saturday the supermarket announced it was recalling the products as a precaution because health authorities had advised that some spinach “may potentially be contaminated with unsafe plant material”.

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‘Fix the faults’: Coles criticised for using carbon credits from controversial project

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Carbon-neutral farmer says use of offsets from Armoobilla project ‘outrageous’ but company says they meet ‘rigorous requirements’ of government standard

A farmer who was assured by Coles that it would look for better carbon offsets for its “carbon-neutral” beef has described the supermarket’s continued use of credits from the Queensland Armoobilla regeneration project as “outrageous”, claiming the project is a “greenwash”.

When carbon-neutral sheep and cattle farmer Mark Wootton called on companies to ensure the integrity of farm offsets used for carbon-neutral products back in April, Coles staff had assured him that the supermarket would “look for a better alternative” once their contract with Armoobilla finished in July.

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Get smashing: avocado growers want consumers to buy more amid fruit glut

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Fruit oversupply plus rising cost of fertiliser, fuel and freight means producers are going backwards, Avocados Australia boss says

Avocado growers are pleading with customers to buy more of the fruit, as a glut in supply sends prices to a historic low.

Across the country, the oversupply of avocados has seen prices drop dramatically – with the fruit going for as little as $1 in some stores.

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Covid rapid antigen test supplier fined more than $100,000 by TGA for ‘non-compliance’

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Hough Pharma, which supplies home tests to Coles and Woolworths, allegedly failed to provide reports or appropriate customer support

A major supplier of Covid-19 rapid antigen tests to Coles and Woolworths has been fined $106,560 for allegedly failing to keep Australia’s drug regulator informed about the safety and performance of the tests.

Hough Pharma Pty Ltd was issued multiple infringement notices by the Therapeutic Goods Administration (TGA) on Thursday for what the agency described as “serial non-compliance” with regulatory requirements.

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Long queues as Australian supermarkets limit customers to avoid overcrowding in lead up to Easter

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Social media posts have shown lines stretching hundreds of meters as Coles, Woolworths and IGA enforce physical distancing

Long lines have formed outside supermarkets after Coles, Woolworths and IGA began limiting the number of customers inside stores in a bid to allow physical distancing and keep flattening the curve of Covid-19 infections during the Easter rush.

The Thursday before Easter is traditionally one of the busiest days for supermarkets, as people stock up for the weekend.

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