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Steph Chalmers

๐Ÿ‘ค Speaker
461 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
The ACCC takes Woolies to Court

So you can understand why it's such a crucial thing that the ACCC is looking at and that Woolworths and Coles are obviously really wanting to defend their use of.

ABC Business Daily
The ACCC takes Woolies to Court

Yeah, we had the former ACCC chair, Alan Fels, calling it the case of the century.

ABC Business Daily
The ACCC takes Woolies to Court

And now he's calling this the sequel to the case of the century.

ABC Business Daily
The ACCC takes Woolies to Court

So there's a lot of attention on it, undoubtedly.

ABC Business Daily
The ACCC takes Woolies to Court

And yeah, as you say, there's a lot at stake.

ABC Business Daily
The ACCC takes Woolies to Court

The fines could be upwards of hundreds of millions of dollars.

ABC Business Daily
The ACCC takes Woolies to Court

It's really hard to quantify that because just reading the documents this morning, there's 266 products being dealt with in this Woolies case and

ABC Business Daily
The ACCC takes Woolies to Court

The ACCC is alleging that a breach occurred every time someone bought one of those products after looking at the ticket.

ABC Business Daily
The ACCC takes Woolies to Court

So I don't even know how to begin to try and extrapolate that.

ABC Business Daily
The ACCC takes Woolies to Court

But, you know, this could be a huge win for the ACCC or really seen perhaps by the public as a complete waste of money, depending on the outcome and perhaps emboldening the supermarkets further to just continue with their pricing strategies.

ABC Business Daily
The ACCC takes Woolies to Court

And it has been interesting as well.

ABC Business Daily
The ACCC takes Woolies to Court

there were a few analysts ahead of the trial saying that if the ACCC wins and then we see Woolworths and Coles having to change how they offer prices, consumers might even end up paying higher prices because they won't have as much flexibility to offer these price dropped campaigns.

ABC Business Daily
The ACCC takes Woolies to Court

Perhaps we'll have to have longer periods of higher prices before products can then go on promotion.

ABC Business Daily
The ACCC takes Woolies to Court

So definitely isn't a black and white outcome in terms of people, you know,

ABC Business Daily
The ACCC takes Woolies to Court

wanting to rail against the supermarkets and that's going to lead to cheaper groceries.

ABC Business Daily
The ACCC takes Woolies to Court

So it's definitely a big deal for two of Australia's biggest companies.

ABC Business Daily
The ACCC takes Woolies to Court

We're still waiting on Coles so that it could be months still, I think, because it's several months now since the Coles case.

ABC Business Daily
The ACCC takes Woolies to Court

And as you say, major cases with lots at stake.

ABC Business Daily
The ACCC takes Woolies to Court

So yeah, I'm not going to be holding my breath for a very quick resolution here.

ABC Business Daily
The ACCC takes Woolies to Court

quite foreign to us here in Australia with our sort of a letter from the treasurer goes out and that's sort of a tick box.