Multinationals push back, blaming supermarkets for rising prices
Global companies like Nestle, Unilever, Coca-Cola and Mars face the possibility of a further inquiry into their role in rising grocery prices.
- by Jessica Yun
Latest
Supermarket inquiry lays out plan for pricing crackdown
The Senate inquiry into supermarket prices has released its final report and 14 recommendations including powers to break up big supermarkets and a strengthened food and grocery code of conduct.
- by Jessica Yun
Qantas’ $225 and $450 compensation payments: What you need to know
The airline admitted it misled consumers by advertising tens of thousands of “ghost flights”. Here’s everything we know about what affected customers will get.
- by Jessica Yun and Amelia McGuire
Updated
World markets
ASX steps up after Wall Street rallies
The Australian sharemarket stepped up on Monday after Wall Street capped a choppy week of trading with its best day in more than two months.
- by Jessica Yun and Millie Muroi
How Jurlique is refreshing the 39-year-old beauty brand for Millennials
Owned by a Japanese parent company and led by a French retail executive, the South Australian-born all-natural skincare business hopes to build loyalty with younger customers.
- by Jessica Yun
Updated
World markets
ASX closes green as Wall Street jumps; Apple surges on earnings
The S&P/ASX 200 has climbed, reflecting US’ rally that trimmed the majority of their losses for the week, while Apple released its numbers after the closing bell.
- by Jessica Yun
Updated
Supermarkets
‘We have got a lot of work to do’: Woolworths ‘out-traded’ as it trails Coles
Outgoing Woolworths chief executive Brad Banducci says cost-of-living pressures have hit the supermarket giant.
- by Jessica Yun
‘Extraordinary’: Shein Australia hits nearly $1 billion in sales and triples profits
The Chinese-owned ecommerce play has become one of the nation’s biggest fashion retailers in a few short years, on par with Myer and Cotton On.
- by Jessica Yun
Updated
Supermarkets
Coles expands home brands to compete with Aldi
As the price of some fruit and meat comes down, Coles is betting on lower-priced home-brand products to stop customers from switching to the German discount supermarket.
- by Jessica Yun
Rebel Sport owner faces escalating legal threat
Rebel Sport owner, Super Retail Group, faces an escalating crisis as Harmers Lawyers says more current and former employees have come forward about a potential lawsuit.
- by Colin Kruger and Jessica Yun
Olive oil is getting harder to find and costing as much as 70 per cent more. Here’s why
Olive oil is among the essential household staples that have increased in price thanks to climate change’s impact on weather unpredictability, joining the ranks of cocoa and coffee.
- by Jessica Yun