52 minutes agoKey events4 minutes agoWoolworths CEO addresses Senate on pricing practices25 minutes agoPrime minister reacts to alleged Wakeley incident52 minutes agoChris Minns confirms NSW police treating incident as terrorism1 hour agoPrime minister briefed by AFP after Wakeley stabbing incident2 hours agoWestern Sydney faith leaders advocate for community calm2 hours agoBishop Mar Mari Emmanuel in stable condition, according to NSW minister2 hours agoTeenager in custody following alleged stabbing incident2 hours agoWelcomeFilters BETAKey events (8)Wakeley (14)NSW (8)Chris Minns (7)Sydney (7)New South Wales (5)4 minutes ago18:56 EDTWoolworths CEO Brad Banducci assures Senate of fair pricing practices
Jonathan Barrett
Brad Banducci, CEO of Woolworths, refutes claims of price gouging, emphasizing the competitive market and consumer benefits:
In a highly competitive market, it is essential to provide value to customers.
The Senate inquiry aims to investigate pricing strategies of major supermarkets and their impact on suppliers.
There is scrutiny on the profits made by Coles and Woolworths amid rising grocery prices affecting households.
Banducci points out that suppliers drive price increases:
Despite falling grocery inflation rates at Woolworths, we acknowledge the financial pressures on customers. If we fail to deliver value, customers will choose not to shop with us.
View image in fullscreenWoolworths CEO Brad Banducci in September 2022. Photograph: Dan Himbrechts/AAP
Supermarkets globally operate on thin margins but can yield substantial profits due to high sales volume, especially in less competitive markets.
Senator Nick McKim from the Greens, leading the Senate committee, suggests supermarkets exploit market dominance to pressure suppliers and customers:
Market dominance is used to squeeze suppliers, reduce wages, compromise safety, and overcharge customers.
Share9 minutes ago18:50 EDT
Paul Karp
PM declines to disclose alleged offender’s religion
Anthony Albanese avoids revealing the religion of the Wakeley incident suspect, emphasizing the importance of official confirmation:
Albanese states:
It is crucial for politicians to refrain from disclosing such information. Let the authorities confirm details when ready.
Given the declaration of a terror incident, indicating ideological motives, a systematic review is underway to allow law enforcement to act. My role…
2024-04-15 17:45:26
Link from www.theguardian.com
