Australian retailers on notice over ‘fake discounts’ as Coles braces for record fine after landmark court ruling

Supermarket share price tumbles after ‘Down Down’ discounts ruled to be misleading as Woolworths defends similar case Get our breaking news email , free app or daily news podcast Coles’ landmark federal court loss could signal the end of “fake discounts” in Australia, according to two former competition watchdog chiefs, with the supermarket giant at risk of record fines exceeding $200m. The Australian Competition and Consumer Commission sued Coles and its rival Woolworths , accusing the supermarket giants of duping shoppers between 2021 and 2023 with “was/is” promotional pricing. Continue reading...

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