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The Latest Breaking News from Brad Banducci

‘Neutralising’ Coles: what we learned from Woolworths at the ACCC supermarket hearing

Government-ordered inquiry into the sector turned its attention to Australia’s biggest supermarket on Monday

The Guardian - AU

Supermarkets inquiry: forcibly break up major retailers in cases of anti-competitive behaviour, report says

Senate committee examined how major chains including Coles and Woolworths have set prices during Australia’s cost of living crisis

The Guardian - AU

Woolworths CEO announces worse-than-expected financial results for March quarter

Brad Banducci says period was ‘challenging’ in first public comments since fiery Senate inquiry hearing as share prices slip

The Guardian - AU

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Woolies CEO says customers struggling to make ends meet

Customer shopping patterns have shifted since the start of the year as rents rise and Australians seek savings, Woolworths chief executive Brad Banducci says.

AAP

Meta and X ordered to remove church stabbing content – as it happened

This blog is now closed

The Guardian - AU

Jail threat, apologies as supermarket chiefs face probe

The head of Woolworths was threatened with jail time while the Coles CEO apologised to suppliers during a parliamentary inquiry into supermarket prices.

AAP

Coles CEO defends making profit, says competition tough

Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.

AAP

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Facing facts: ABC pulls the plug on RMIT factchecking collaboration

Decision to switch to in-house verification unit comes after broadcaster caught up in voice referendum culture war between university and Sky News. Plus: hubbub over Hubbl as News Corp launches streaming device

The Guardian - AU

Woolworths’ Outgoing CEO Will Receive A Payout Of Up To $24 Million Just For Retiring

Woolworths' outgoing CEO Brad Banducci could receive up to $24 million as his "golden handshake" for retiring as CEO.

Pedestrian.tv

Afternoon Update: Woolworths shares plunge; NZ MP dies after charity run; and AstraZeneca boss’s $33m paycheque

Supermarket giant’s CEO resigns unexpectedly amid increasing political pressure over record profits during cost-of-living crisis

The Guardian - AU

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares were down more than seven per cent by midafternoon, on track for their worst single-day losses since late 2021.

AAP

Woolies CEO to step down as cost-of-living weighs heavy

Politicians have lambasted Woolworths CEO Brad Banducci for his company's role in the cost-of-living crisis after he announced his resignation.

AAP

Woolies CEO quits as pressure and grocery prices rise

Woolworths chief executive Brad Banducci will resign by September after facing increased scrutiny over the pricing and a lack of supermarket competition.

AAP

Woolworths CEO defends Australia Day merchandise choice

Woolworths chief executive Brad Banducci has backed the supermarket's choice not to stock Australia Day merchandise as staff report more and more abuse.

AAP

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AAP

Woolworths shareholders revolt after two worker deaths

Woolworths Group shareholders have rejected the company's remuneration framework, saying bonuses should have been slashed more after the deaths of two workers.

The Guardian - AU

A rise in shoplifting has Australian supermarkets ramping up surveillance

The response to surging retail theft range from covert security to self-checkout cameras and biometric trackers, raising questions about privacy and ethics

The Guardian - AU

Instead of pursuing shoplifters, the big supermarkets should use their record profits to prevent food waste

It’s reprehensible during a cost-of-living crisis to dump binloads of groceries and enforce strict cosmetic standards on produce

Newcastle Herald

Woolworths cuts bonuses for managers after two deaths

Contract cleaner Malerato Harrison died at the Jesmond store last year.

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The New Daily

Woolworths charges ahead as home delivery fleet goes electric

Sydneysiders who order home delivery from Woolworths in coming weeks might see an electric truck arrive at their doorstep.

The New Daily

Woolworths says food inflation ‘frustratingly elevated’

The Woolworths Group says shelf prices rose by 5.8 per cent in the third quarter, a moderation from their 7.7 per cent increase in the previous quarter.

AAP

Households carry rate pain as businesses flourish

The disconnect between households worried about wages and mortgage repayments and businesses, which appear to be doing just fine, hasn't gone unnoticed.

ABC News

Coles, Woolworths profit surge raises questions over inflation profiteering

The big supermarkets raked in combined profits of more than $1.5 billion over the last six months of 2022. But were they profiteering from inflation or just passing on rising costs?

The New Daily

Coles and Woolworths using technology to deter shoplifting, as expert blames cost of living

A rise in Australians leaving the supermarket without paying for their groceries has sparked new theft efforts from Woolworths and Coles.

AAP

Woolworths half-year profit jumps, lifts dividend

CEO Brad Banducci has attributed improved Woolworths profit gains to strong seasonal trading and lower COVID-related costs.

AAP

Woolworths buys majority stake in PETstock

The supermarket giant is getting into the speciality pet business as it eases out of the liquor business, paying $586m for a 55 per cent stake in PETstock.

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