ACCC has accused supermarket giants of breaching consumer laws with alleged ‘price spike’ practicesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe competition regulator has taken Coles and Woolworths to court over what is commonly known as “was/is” comparative pricing.The allegations, which Coles said it would defend and Woolworths said it would review, could result in large fines and unravel the supermarkets’ well-known “Down Down” and “Prices Dropped” promotions, which are at the heart of their marketing campaigns. Continue reading…
Source link : https://www.theguardian.com/business/2024/sep/23/how-woolworths-and-coles-wasis-pricing-works-and-why-its-landed-them-in-court-accc-price-spike-allegations
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-09-23 08:40:46
Copyright for syndicated content belongs to the linked Source.