AUS | Coles confirms that CEO Leah Weckert will appear at the Senate Inquiry into Supermarket Prices next year.
Coles CEO Leah Weckert said that Coles recognised that cost-of-living pressures are front-of-mind for many Australians.
“We are working hard to keep prices affordable for Australian households,” said Weckert.
“We have worked collaboratively with previous inquiries and are ready to work with the Committee and engage in an informed discussion on the factors that influence supermarket pricing.”
Coles continues to invest in providing excellent value to customers, supporting its network of more than 8000 suppliers and providing employment to more than 120,000 Australians nationwide.
Coles remains focused on delivering value to Australian households and families through its Great Value Hands Down campaign, thousands of weekly specials, Flybuys program and other initiatives.
Coles’ total supermarket price inflation declined to 3.1 percent for the July-September quarter. Fresh food (including fresh produce, meat, deli & seafood) experienced a deflation of 2.3 percent during the July-September quarter.
Having a profitable business means Coles can continue to serve Australians, invest in its stores, employ 120,000 team members, support local communities, pay taxes in Australia, pay dividends to hundreds of thousands of mum and dad shareholders, and ensure long-term sustainable relationships with suppliers.
It also puts Coles in a position to invest in promotions, thousands of weekly specials, its Flybuys program and other initiatives to deliver customer value.
