The cost of living with Coles and Woolworths

The cost of living with Coles and Woolworths | Four Corners

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From the farm to supermarket shelves, we uncover why you’re paying more at the checkout exposing the secret tactics being used by supermarkets to keep the prices high - and the competition out.
Coles and Woolworths have reported record profits amid a rise in the cost of living - and while both deny price gouging, there are now six inquiries and reviews targeting the big two Australian supermarkets.
Reporter Angus Grigg interviews the CEOs of Coles and Woolworths, addressing concerns from frustrated customers.
Insiders say shoppers are the “ones that are getting screwed” as prices for basic household goods become higher and the profit margins of grocery stores become larger.
00:00: Intro - The super powers
3:24: The history of supermarkets
5:15: Coles and Woolworths
7:25: What the CEOs say
15:00: Power imbalance
18:10 What is ColesWorth?
19:04: Price matching
20:00: Insiders speak out
22:38: Price gouging?
27:50: The CEO walkout
32:00: Are specials really specials?
34:40: Dark stores
39:20: ‘Two Churches’ wine
41:55: Land banking
Read more about this story here: www.abc.net.au/news/2024-02-1...
This episode was originally broadcast as ‘Super Power’ on 19 February 2024 on ABC TV and ABC iview.
Four Corners is Australia’s premier investigations documentary series.
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Пікірлер: 382

@stephendownes6331

If Coles standards are so high, why is so much of the fresh fruit and veg at my local Coles is so shit.

@billylyf6995

I saw a "special" on cadbury chocolate blocks 2 for $15. Might as well shop at the servo

@SundayzCrows33

Everyone in Australia needs to watch this because the majority are affected and are suffering.

@grooviechickie

Just keep in mind that it's not the lowly worker's fault... so please, don't go into a supermarket tomorrow and abuse the staff. They're being taken advantage of as well. 😢

@PANN1Cau

This is the kind of journalism ABC needs to keep going because no one else will. Hopefully something comes out of all of this.

@AGIBOY827

Love the try hard PR team making the woollies CEO look like a common worker. I can tell you now that CEO hasn't worn a name tag and woollies shirt for years.

@barbecueman6352

Fantastic! Now do the housing market/property developers

@cannabiss9433

Are you familiar with the term Colesworth? "I'm not"

@maladjustedtv

Buy fruit & veg from a fruit & veg shop, buy meat from a butcher, & shop at IGA & Aldi

@johnnyb1368

Every time we shop at coles or woolworths it feels like you are being robbed.

@jdview5062

thanks for keeping the comments open for this, and for taking the time to do a piece that is very top of mind for society. Leah and Brad are so out of touch. Leah, never heard of the term "Colesworth". Brad, requesting to scrub poor comments instead of owning his mistake straight away. Very telling.

@MrMazRx

you've got to be kidding me !!!!!!!!!!!!!......10 mins into a

@AviationSports1978

Why don’t the farmers all get together and make their own chain ? They could then cut out coles and Woolworths and turn the tables

@cameronmale83

Remember they had Bi-Lo and Franklins, there were smaller operators they bought into their organisation. They completely replaced them... no competition. Break them up.

@nitramfox2511

I just hope that the young lady doesn’t suffer any consequences for her voicing her concerns for OH&S.

@Mikeeey01NZL

'We're not profiteering at the expense of customers' Those massive annual profits prove that aye!

@esrynshudder4216

Finally this issue is being spoken about, the whole system needs to be revolutionised. It's 20 years overdue, how much longer should consumers, suppliers and farmers be screwed over?