Coles CEO denies allegations of price gouging, stating stable margins amidst global food inflation. AGL and Origin each made around $1 billion profit from price increases. Coles's profit decline indicates consumer pushback against high supermarket prices.
Accusations of price gouging have again been levelled at Coles after the supermarket giant revealed another bumper profit. https://t.co/vTXNzDdYHh
Coles’s profit fall shows shoppers are starting to rebel against supermarket prices https://t.co/JQEDiqWA3A
Electricity giants AGL and Origin each made around $1 billion profit from the price increases they charged residential customers according to numbers crunched by the Australia Institute. FULL STORY: https://t.co/aVvHpkHvZ7 https://t.co/3UeiL9Kweb
Australia's Coles denies price gouging, says food inflation is a global problem https://t.co/1JLTxIDotZ https://t.co/0QZISowIBn
Coles CEO Rejects Supermarket Price-Gouging Allegations, Says Margins Stable https://t.co/9Kdj83MiAf