Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Aussie law firm takes Woolworths, Coles to court over dodgy discount claims

by
November 14, 2024
in Stock
0
Aussie law firm takes Woolworths, Coles to court over dodgy discount claims

(Reuters) -Australian law firm Gerard Malouf & Partners on Thursday said it had filed class action lawsuits against the country’s top two retailers, Woolworths and Coles, for allegedly encouraging misleading discount claims on everyday products.

The two supermarket giants are currently in court, sued by the consumer watchdog, for misleading shoppers about discounts on hundreds of products. The new class action tightens pressure on the sector reeling from a cost-of-living crisis.

The law firm said the proposed legal action aims to recover the price distinction between the alleged illusory discounted pricing and the original, undiscounted price.

These products were sold at Coles between February 2022 and May 2023, while shoppers bought such stuff from Woolworths between September 2021 and May 2023.

Coles and Woolworths did not immediately respond to Reuters’ request for comments.

The supermarket giants have faced scrutiny from lawmakers and regulators for hitting consumers with high prices at a time when interest rates, housing costs and energy bills have also risen sharply.

This post appeared first on investing.com
Previous Post

Australia stocks higher at close of trade; S&P/ASX 200 up 0.37%

Next Post

Asia stocks drift lower amid uncertainty over US rates, China stimulus

Next Post
Asia stocks drift lower amid uncertainty over US rates, China stimulus

Asia stocks drift lower amid uncertainty over US rates, China stimulus

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    January 23, 2025
    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    January 23, 2025
    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    January 23, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators
    • ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved