The heads of Coles and Woolworths have been subjected to a parliamentary grilling at a Senate inquiry on Tuesday examining supermarket prices.
“It’s very hard to say that we have price gouging.”
– Woolworths CEO Brad Banducci
“We acknowledge that we don’t always get it right, but all our procedures seek to ensure fair and sustainable relationships.”
– Coles CEO Leah Weckert on supplier relationships
“Honestly, I’m not interested in your spin or your bulls***. This is a Senate inquiry. Answer the question.”
– Greens senator Nick McKim to Woolworths boss Brad Banducci
“I would respectfully submit that this is an incredibly competitive market and that is good for consumers.”
– Woolworths CEO executive Brad Banducci
“There is no bad intent there, but we definitely could execute against it better, and we are working towards holding ourselves to a higher level of account on that.”
– Coles CEO Leah Weckert on pricing
Source: Senate hearing
Andrew Brown
(Australian Associated Press)
