this post was submitted on 27 Aug 2024
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Up! Up! Coles' annual profits are up to $1.1 billion.

And to think the Reserve Bank still acts as though inflation and the cost of living crisis is due to wages (below the rate of inflation) or consumer spending, rather than corporate profiteering.

https://www.theguardian.com/australia-news/article/2024/aug/27/coles-reports-8-surge-in-annual-profit-to-11bn-amid-cost-of-living-crisis

@australia #news #politics #finance #business #auspol #coles #woolworths #capitalism #auspol

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[–] [email protected] 15 points 2 months ago (1 children)

Fuck Colesworth. Having a disability and requiring both generic brands and delivery makes it hard to have other options… but don’t think I haven’t noticed the gouging, or how toothless the recent trust busting measures were.

[–] [email protected] 2 points 2 months ago

Yeah, same. When I can, I go to Aldi, but I often can't and am stuck with a Woolworths. Total bullshit.