“We also allege that in many cases both Woolworths and Coles had already planned to later place the products on a “prices dropped” or “down down” promotion before the price spike, and implemented the temporary price spike for the purpose of establishing a higher “was” price.
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14 points
They are trying to blame “inflation”, but at the same time they are reporting record profits.
3 points
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2 points
Isn’t that the same thing though? If inflation is at record high, their equivalent profits in dollars will be up because money is now worth less
6 points
Profits have increased as a percentage of revenue (i.e. profit margins have increased).
2 points
