• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

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

by November 14, 2024
written by November 14, 2024

(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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Australia stocks higher at close of trade; S&P/ASX 200 up 0.37%
next post
FBI raids Polymarket CEO’s home, seizing phone, electronics

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025
    • American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

      May 14, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (462)
    • Stock (6,426)

    Latest News

    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion
    • YouTube will stream NFL Week 1 game in Brazil for free

    Popular News

    • EURUSD and GBPUSD: the euro remains under bearish pressure
    • Goldman Sachs economist lists 10 key questions for 2025

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy