Up! Up! Coles’ annual profits are up to $1.1 billion.

And to think the Reserve Bank still acts as though inflation and the cost of living crisis is due to wages (below the rate of inflation) or consumer spending, rather than corporate profiteering.

https://www.theguardian.com/australia-news/article/2024/aug/27/coles-reports-8-surge-in-annual-profit-to-11bn-amid-cost-of-living-crisis

@australia #news #politics #finance #business #auspol #coles #woolworths #capitalism #auspol

16 points

Yes, well, if we mention corporate profiteering then the deafening silence on that particular issue may become more apparent.

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19 points

well, I’m stealing something next time I’m in the store then. Fuck this.

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9 points

I don’t know anything from experience but be careful. I heard that in America places like Target will literally wait and let you ‘get away with it’ until it reaches some cumulative amount where they can charge you with a felony.

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11 points

Most supermarkets in Australia now have cameras everywhere with some type of generative AI technology in place to help locate and identify shoplifters.

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4 points

Yeah. So not a good idea

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3 points

My self-checkout called over a supervisor because I hadn’t scanned an item that was in the trolley.

Said item was my child, so the staff had to explain to the self-checkout to chill.

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2 points

Pretty sure that here they can charge you for staging any amount.

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3 points

Go for it, none of us are paid to be security guards so we cant stop you stealing shit.

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17 points

Fuck Colesworth. Having a disability and requiring both generic brands and delivery makes it hard to have other options… but don’t think I haven’t noticed the gouging, or how toothless the recent trust busting measures were.

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2 points

Yeah, same. When I can, I go to Aldi, but I often can’t and am stuck with a Woolworths. Total bullshit.

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2 points

That’s about $110 per household.

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2 points

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