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

top 16 comments
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[–] [email protected] 18 points 1 month ago (2 children)

well, I'm stealing something next time I'm in the store then. Fuck this.

[–] [email protected] 7 points 1 month ago (2 children)

I don’t know anything from experience but be careful. I heard that in America places like Target will literally wait and let you ‘get away with it’ until it reaches some cumulative amount where they can charge you with a felony.

[–] [email protected] 10 points 1 month ago (2 children)

Most supermarkets in Australia now have cameras everywhere with some type of generative AI technology in place to help locate and identify shoplifters.

[–] [email protected] 4 points 1 month ago

Yeah. So not a good idea

[–] shadowbert 3 points 1 month ago

My self-checkout called over a supervisor because I hadn't scanned an item that was in the trolley.

Said item was my child, so the staff had to explain to the self-checkout to chill.

[–] [email protected] 2 points 1 month ago

Pretty sure that here they can charge you for staging any amount.

[–] [email protected] 2 points 1 month ago

Go for it, none of us are paid to be security guards so we cant stop you stealing shit.

[–] [email protected] 16 points 1 month ago

Yes, well, if we mention corporate profiteering then the deafening silence on that particular issue may become more apparent.

[–] [email protected] 15 points 1 month 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 1 month ago

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

[–] [email protected] 11 points 1 month ago (1 children)
[–] [email protected] 2 points 1 month ago

I wish Aldi would come to Tasmania 🥺

[–] [email protected] 8 points 1 month ago (1 children)

Love seeing all the extra security features in Coles and Woolies. It makes me almost forget who the actual thieves are..

In the same breath they tell us their profits arent unusual but also really good for shareholders

[–] [email protected] 1 points 1 month ago

I see people walk out of the supermarket without paying constantly.

They just walk out with carry-baskets full of stuff, the staff call them out and they just keep walking with no consequences! They don’t even return the baskets!

Meanwhile, us honest people at the self-checkouts get treated like a criminal if we want to purchase something that is too light for the scales to register and are treated like social deviants if we don’t want to use a loyalty card.

[–] pHr34kY 3 points 1 month ago

That's about $110 per household.

[–] [email protected] 2 points 1 month ago