article thumbnail

Multiple retailers have been fined for misleading promotions. This could be why

Inside Retail

There have been multiple examples recently of the Australian Competition and Consumer Commission (ACCC) levying fines at retailers for misleading promotions. million fine for misleading advertising and store credit promotions related to its ‘StoreCash’ promotion running from July 2019 to August 2023.

article thumbnail

The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

This development follows efforts by major brands like Wendy’s and Walmart to implement real-time pricing technologies, raising questions about AI and consumer protection, privacy, and fair practices. Benefits of AI Pricing for Retailers and Consumers For retailers, AI-driven strategies provide several benefits.

Consumer 306
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the Divide: How Low-Cost Ecommerce has Shattered Consumer Expectations

Retail TouchPoints

These platforms have revolutionized the way consumers shop, offering convenience, variety and competitive pricing at the click of a button. With these cheaper options out there, many consumers are opting for cost-effective dupes that take longer to arrive instead of buying directly from brands themselves.

Consumer 289
article thumbnail

Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

At opposite ends of the political spectrum, the National Party and the Greens both argued that divestment provisions should be incorporated into federal competition laws to ensure fair trading with suppliers and consumers. Breaking up is hard to do The first report critical of the supermarket sector was released in January 2024.

Consumer 246
article thumbnail

The Good Guys fined for misleading consumers

Inside Retail

million fine for misleading advertising and store credit promotions. Additionally, The Good Guys will take remedial action for customers who were eligible for the StoreCash program but were misled by the company’s promotional announcement and did not receive the store credits. The Good Guys, a subsidiary of JB Hi-Fi, has paid a $13.5

Consumer 226
article thumbnail

Retail Roulette – Why Black Friday and Cyber Monday discounts are a complete gamble for retailers and consumers alike

Retail Focus

Now, securing sought after products at the best price is becoming increasingly chaotic for consumers, with prices fluctuating during a number of weeks across the Golden Quarter. Forget deal or no deal, it’s more like deal or disappointment for consumers, leaving much to be desired in terms of results for retailers.

Consumer 262
article thumbnail

Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

. “We have worked hard to deliver value to customers in H1, but we know we have more opportunities to help customers find value when they shop with us, including clearer promotions, improved ticketing and online resources to explain pricing,” said Bardwell. ” New Zealand food sales inched 0.9 per cent higher to $3.9

Consumer 243