What Coles and Woolworths chiefs told the supermarket pricing inquiry
In the supermarket pricing inquiry, Coles and Woolworths chiefs addressed key issues regarding pricing practices. Both retailers emphasized their commitment to fair pricing and competition, highlighting efforts to support Australian suppliers and customers. Coles' CEO emphasized their focus on providing value and choice to consumers, while Woolworths' CEO highlighted their efforts to reduce costs and improve efficiency. Both executives acknowledged the importance of transparency and fair dealing in their relationships with suppliers. Overall, their testimonies underscored the complexities of pricing strategies in the retail sector and the challenges of balancing consumer affordability with fair returns for suppliers.
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