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Carrington Clarke

πŸ‘€ Speaker
5121 total appearances
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Podcast Appearances

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

She wants to see people be able to receive discounts from companies.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

She wants companies discounting.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

They want more competition within the industry.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

But what they don't want are fake discounts.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

Yes, I think usually people talk about Coles and Woolworths controlling about two-thirds of the total spend.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

I mean, what is interesting, though, is that basically Coles and Woolworths in their separate cases are claiming there is fierce competition.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

And part of the reason that we saw this particular practice where they had an original price, it gets bumped up to a new price and then discounted and discounted even quicker is

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

than the guardrails will allow is because they're looking at what the other guy is doing and saying, well, they seem to be doing this.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

So we're going to do a similar thing because we can't let them steal market share from us.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

And so on one hand, there is competition.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

But as you say, they're also so massive that they have huge power, particularly when it comes over suppliers.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

And for a lot of Australians, they are the kind of only option

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

when you're going to go and do a big supermarket shop, which is why there is a consumer watchdog keeping an eye on it.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

The ACCC did have a lot riding on this.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

There was concern that if they lost this case and, you know, we still don't know what's going to happen with Woolworths.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

People are trying to draw a lesson.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

We'll wait to see what happens.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

But if they had lost these two cases, then potentially there would have been a real question mark over how much power it did have to regulate this type of practice, the power to keep an eye on how pricing is happening.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

This does seem to be a big win for them.

ABC Business Daily
Is Coles' DOWN DOWN 'dead'?

What it also means is they're probably going to be more courageous in going after other pricing practices.