They have posted significant profits during a very difficult time for consumers, and have influenced our economy in a real way. They should take some heat for that. Both brands are in the dirt.
Ash-2449 on
I wish someone created a coles/woolworths inflation index, it would really destroy the whole “inflation is just 3% a year” lie when in reality food prices have skyrocketed with many items pretty much doubling in price in just 5 years
giantpunda on
>The Australia Institute’s Centre for Future Work published a survey of 1014 voters on Thursday about increasing costs, revealing 83 per cent are blaming supermarkets for high grocery prices.
>That put them ahead of electricity retailers, who 82 per cent blame for the cost-of-living crisis.
Energy isn’t that far behind and those polled also have hands for banks and the government as well at 73% and 71% respectively.
That’s for only “great deal of blame” and “some blame”. If you include a little blame, supermarkets and energy tie at 93% blame, banks 87% and government 88% blame.
The only one that really didn’t get any traction was workers/wages with 39% not blaming them for it. I’m surprised that’s as low as that is.
GuyFromYr2095 on
If I am the CEO of Colesworth, I would seriously investigate adopting the Aldi model. Limit range of products, reduce the number of stores and offer cheaper pricing. I don’t think their current operating model focusing on large product range, many locations and higher prices is sustainable.
retro-dagger on
I just paid a $600 electricity bill for a single person household where’s all the outcry for us getting fisted by energy companies?
tsunamisurfer35 on
Coles made $1.15b, Woolies $108m. There are 27m Australians.
This means collectively ColesWorth made a profit of $46 per person per annum.
Low socio economic Australia spends more than that on their Winfield Blues.
7 Comments
They have posted significant profits during a very difficult time for consumers, and have influenced our economy in a real way. They should take some heat for that. Both brands are in the dirt.
I wish someone created a coles/woolworths inflation index, it would really destroy the whole “inflation is just 3% a year” lie when in reality food prices have skyrocketed with many items pretty much doubling in price in just 5 years
>The Australia Institute’s Centre for Future Work published a survey of 1014 voters on Thursday about increasing costs, revealing 83 per cent are blaming supermarkets for high grocery prices.
>That put them ahead of electricity retailers, who 82 per cent blame for the cost-of-living crisis.
Energy isn’t that far behind and those polled also have hands for banks and the government as well at 73% and 71% respectively.
That’s for only “great deal of blame” and “some blame”. If you include a little blame, supermarkets and energy tie at 93% blame, banks 87% and government 88% blame.
The only one that really didn’t get any traction was workers/wages with 39% not blaming them for it. I’m surprised that’s as low as that is.
If I am the CEO of Colesworth, I would seriously investigate adopting the Aldi model. Limit range of products, reduce the number of stores and offer cheaper pricing. I don’t think their current operating model focusing on large product range, many locations and higher prices is sustainable.
I just paid a $600 electricity bill for a single person household where’s all the outcry for us getting fisted by energy companies?
Coles made $1.15b, Woolies $108m. There are 27m Australians.
This means collectively ColesWorth made a profit of $46 per person per annum.
Low socio economic Australia spends more than that on their Winfield Blues.
Oh fuck off.