ABC News Daily
Annabel Crabb on ‘down down’ discounts
Sep 30, 2024
In this discussion, Annabel Crabb, an insightful ABC commentator and presenter, dives into the controversies surrounding supermarket discounts in Australia. She explores the skepticism shoppers feel towards 'down-down' promotions amidst rising costs. Annabel explains the legal actions against Coles and Woolworths, highlighting the emotional burden of grocery shopping. Additionally, she examines the Australian Competition and Consumer Commission's efforts to hold these giants accountable and the push for greater pricing transparency in the market.
14:27
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Quick takeaways
- Supermarkets like Coles and Woolworths face allegations of misleading discount practices, impacting consumer trust amid rising grocery prices.
- Political and regulatory actions are intensifying against these retailers, with proposals for a new code aimed at ensuring fair pricing.
Deep dives
Misleading Discounts and Grocery Pricing
Supermarket giants, including Woolworths and Coles, face serious allegations of misleading discount practices, as highlighted by the Australian Competition and Consumer Commission (ACCC). The ACCC claims these retailers have engineered temporary price hikes to create the illusion of significant discounts, essentially manipulating consumer perception of pricing. An example is given where a family pack of Oreos had its price artificially raised to $5 before being marketed as a price drop to $4.50, creating feelings of deceit among shoppers. This manipulation of pricing has contributed to growing consumer outrage over grocery bills, particularly during a cost-of-living crisis.
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