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What changes will Coles and Woolworths make to their discount advertising policies by end of 2024?
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Resolution / Starting Odds
No changes • 25%
Minor changes • 25%
Major changes • 25%
Complete overhaul • 25%
Official announcements from Coles, Woolworths, and ACCC
Story
ACCC Sues Coles and Woolworths in Blockbuster Court Case Over Misleading Discount Claims
Sep 23, 2024, 01:06 AM
The Australian Competition and Consumer Commission (ACCC) has launched legal proceedings in court against Coles and Woolworths, Australia's two largest supermarket chains, over allegations of misleading discount claims. The ACCC accuses the retailers of promoting false discounts on hundreds of common supermarket products through their 'Down Down' and 'Prices Dropped' campaigns. Australian Prime Minister Anthony Albanese commented on the seriousness of the allegations, noting that overcharging for products can impact inflation. This case is seen as a blockbuster move by the ACCC.
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Similar markets
Yes • 50%
No • 50%
Less than AUD 10 million • 25%
Between AUD 10 million and AUD 25 million • 25%
Between AUD 25 million and AUD 50 million • 25%
More than AUD 50 million • 25%
ACCC wins • 33%
Coles wins • 33%
Woolworths wins • 33%
Yes • 50%
No • 50%
Stricter regulations • 25%
Looser regulations • 25%
No significant change • 25%
Unclear/other changes • 25%
Significant changes • 25%
Moderate changes • 25%
Minor changes • 25%
No changes • 25%
Environmental policy change • 25%
Labor policy change • 25%
Supply chain policy change • 25%
Other • 25%
Yes, for all ads • 25%
Yes, for some ads • 25%
No changes • 25%
Other • 25%
More stringent regulations • 25%
Less stringent regulations • 25%
No significant change • 25%
New merger guidelines issued • 25%
Positive • 33%
Negative • 33%
Neutral • 33%
Stricter regulations • 25%
Looser regulations • 25%
No change • 25%
Unclear outcome • 25%