BREAKING NEWS
Coles and Woolworths Sued Over Fake Discount Claims in Australia
[Date] – Australia’s two largest supermarket chains, Coles and Woolworths, have been slapped with a lawsuit by a consumer advocacy group for allegedly making false and misleading claims about discounts on popular products.
The Australian Competition and Consumer Commission (ACCC) has launched the legal action, accusing Coles and Woolworths of breaching the country’s consumer law by representing that certain products were cheaper than they actually were. The ACCC alleges that the two retailers have made false claims about discounts, prices, and special deals on a range of items, including food, drinks, and household essentials.
According to the ACCC, the false claims have caused financial loss and damaged the reputation of the retailers. The watchdog has been investigating the matter for several months and has obtained evidence of the alleged wrongdoing through a series of raids and interviews with employees.
The lawsuit is the latest blow to the reputation of the two retailers, which have faced criticism in recent years over their pricing and sales practices. Coles and Woolworths have denied any wrongdoing and say they will vigorously defend the claims.
KEY QUOTES
- "We believe that our prices and discounts are transparent and comply with the law," said a spokesperson for Coles. "We will not stand idly by while the ACCC makes unfounded claims about our business."
- "We take consumer complaints seriously and are cooperating fully with the ACCC’s investigation," said a spokesperson for Woolworths. "We are confident that our practices are above board and comply with all relevant laws and regulations."
RELEVANT STATS
- Coles and Woolworths account for over 80% of the Australian supermarket market share.
- The two retailers have a combined annual revenue of over AU$30 billion.
- The ACCC has received over 1,000 complaints about the two retailers’ pricing and sales practices in the past year alone.
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- Supermarket chain
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- Pricing and sales practices
- Consumer advocacy
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- Australian Competition and Consumer Commission
- Consumer protection
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Australia’s Coles and Woolworths sued over fake discount claims
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