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More Australians lose trust in supermarket pricing, ACCC says

Inside Retail

Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. “Many consumers have told us that they are losing trust in the sale price claims by supermarkets,” said Mick Keogh, ACCC deputy chair.

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Choice taken to task for wasting government funding on supermarket data report

Inside Retail

million in government funding on its recently published supermarket data, which priced a basket of just 14 items to determine the nation’s cheapest grocer. ” In the report, Choice said it visited 104 supermarkets nationwide and took note of the prices of 14 common grocery items. .

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Supermarket inquiry recommends laws against price gouging, land banking

Inside Retail

Supermarkets would be prohibited from price gouging and face stricter rules on land banking, should the government adopt the recommendations of the Senate Select Committee on Supermarket Prices. The committee noted that it heard unfair trading practices arising from the so-called supermarket duopoly of Coles and Woolworths.

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Heavy fines proposed for anti-competitive supermarket practices

Inside Retail

Treasurer Jim Chalmers expressed support for the independent review of the Food and Grocery Code of Conduct, proposing a mandatory code which – if adopted – will result in multi-million dollar penalties for supermarkets and suppliers who engage in anticompetitive practices. “This is all about a fair go for farmers and families.

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How independent supermarket LaManna is redefining Australian grocery shopping

Inside Retail

For those in Melbourne, stepping into the LaManna supermarket, in the northern suburb of Essendon Fields, is like taking the world’s shortest flight to Italy. To the LaManna customer, a trip to the supermarket is not an errand but an indulgence. LaManna’s defiance of the industry status quo means it is only just hitting its stride.

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Coles’ revenue rises on higher supermarket, liquor sales

Inside Retail

Supermarket chain Coles booked higher revenue in the fiscal first half, thanks to a sales increase across all segments. billion as supermarket revenue went up 4.9 billion as supermarket revenue went up 4.9 The post Coles’ revenue rises on higher supermarket, liquor sales appeared first on Inside Retail Australia.

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Australian Government Imposes Code of Conduct on Supermarkets

Retail Wire

In a significant policy shift, the federal government has confirmed that it will impose a mandatory code of conduct on large supermarket chains, ensuring fair treatment of suppliers and imposing hefty fines for breaches.