Australian Supermarkets Sued Over Fake Discount Claims

2 months ago 22

The BBC is reporting that Australia’s consumer watchdog is suing the country’s two biggest supermarket chains, alleging they falsely claimed to have permanently dropped the prices of hundreds of items.

The Australian Competition and Consumer Commission, claims Coles and Woolworths broke consumer law by temporarily raising prices before lowering them to a value either the same as or higher than the original cost.

Coles said it would defend itself against the allegations, while Woolworths said it would review the claims.

The grocery giants, which account for two thirds of the Australian market, have come under increasing scrutiny in the past year over alleged price gouging and anti-competitive practices.

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