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1,527,096 Views ⢠Feb 19, 2024 ⢠Click to toggle off description
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 âones that are getting screwedâ 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: âTwo Churchesâ wine
41:55: Land banking
Read more about this story here: www.abc.net.au/news/2024-02-19/coles-woolworths-suâŚ
This episode was originally broadcast as âSuper Powerâ on 19 February 2024 on ABC TV and ABC iview.
Four Corners is Australiaâs premier investigations documentary series.
Subscribe to the Four Corners weekly newsletter here: www.abc.net.au/news/subscribe
#4Corners #ABCNewsIndepth #ABCNewsAustralia
Note: In most cases, our captions are auto-generated.
Views : 1,527,096
Genre: News & Politics
Date of upload: Feb 19, 2024 ^^
Rating : 4.979 (110/20,780 LTDR)
RYD date created : 2024-05-13T10:09:35.857439Z
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YouTube Comments - 383 Comments
Top Comments of this video!! :3
If Coles standards are so high, why is so much of the fresh fruit and veg at my local Coles is so shit.
3.7K |
Everyone in Australia needs to watch this because the majority are affected and are suffering.
3.6K |
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. đ˘
2.2K |
Fantastic! Now do the housing market/property developers
1.8K |
This is the kind of journalism ABC needs to keep going because no one else will. Hopefully something comes out of all of this.
1.7K |
Are you familiar with the term Colesworth? "I'm not" GULP
1.2K |
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.
2.5K |
Buy fruit & veg from a fruit & veg shop, buy meat from a butcher, & shop at IGA & Aldi
821 |
Every time we shop at coles or woolworths it feels like you are being robbed.
940 |
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.
1.1K |
you've got to be kidding me !!!!!!!!!!!!!......10 mins into a 46:53 minute clip, I'm getting an add for Woolworths and their cheap prices..... ffs !
797 |
Why donât the farmers all get together and make their own chain ? They could then cut out coles and Woolworths and turn the tables
490 |
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.
966 |
I just hope that the young lady doesnât suffer any consequences for her voicing her concerns for OH&S.
799 |
'We're not profiteering at the expense of customers' Those massive annual profits prove that aye!
526 |
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?
1.5K |
Broke my heart to see those beautiful cherry trees destroyed đđđ
Well done 4 Corners!
378 |
Great effort to the journalist here. Great questions, the story built throughout.
Gaslighting is the tactical manoeuvre of all leaders it seems. As much as the Woolworth CEO overstepped the "retired" comment the coles CEO came across as unwilling to listen and unwilling to acknowledge the underlying hatred of their company.
Australians know Coles is ripping off suppliers, but to see her dismiss this as a non issue will ultimately stir up the hatred and do their brand a disservice. She is obviously on a tight budget herself and must also sing the tune handed down from the board. What a soulless life...
605 |
They have been doing it for years but we're reaching a breaking point now.
603 |
@billylyf6995
2 months ago
I saw a "special" on cadbury chocolate blocks 2 for $15. Might as well shop at the servo
2.2K |