Good afternoon. The Australian Competition and Consumer Commission has announced it is suing Coles and Woolworths over allegations they misled shoppers by offering “illusory” discounts on hundreds of common supermarket products.
The ACCC chair, Gina Cass-Gottlieb, said the regulator would seek “a significant penalty” after alleging the major retailers had raised prices on a number of products for brief periods, before “dropping” them back to prices higher than, or the same as, they had been previously.
