Coles offered ‘utterly misleading’ discounts, consumer watchdog argues in federal court case https://www.theguardian.com/business/2026/feb/16/coles-offered-utterly-misleading-discounts-consumer-watchdog-argues-in-federal-court-case
ACCC alleges the supermarket breached the law by offering ‘illusory’ discounts on many products with ‘Down Down’ promotion. #ACCC #Consumerlaw #auslaw #auspol
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ACCC takes Coles to court over 'illusory' discounts in 'case of the century'
https://www.abc.net.au/news/2026-02-16/accc-coles-federal-court-case-discount-pricing/106294956 #consumerlaw #auslaw #auspol #ACCC
Coles tells court its Down Down promotions were ‘fair dinkum’ discounts and did not mislead shoppers https://www.theguardian.com/business/2026/feb/17/coles-discounts-accc-court-down-down-promotions
@drrimmer
Well they (Coles) would say that, wouldn’t they? It seems pretty clear what they did. First jacked up prices for a few weeks, then reduced them - BUT NOT back to, or under, the previous price, but above it. 🤔
And if Coles thinks we can’t spot a pattern this blatant… well shareholders: SACK that CEO & save yourselves the money for your dividend that way.😁
While we’re at it, how much money is the Coles Board hoovering up? More savings right there.
Now let’s talk about insider trading… 🤔🙂
#Colesworth #Coles #downDown #shareholders