The heads of Coles and Woolworths have been subjected to a parliamentary grilling at a Senate inquiry on Tuesday examining supermarket prices.
āItās very hard to say that we have price gouging.ā
ā Woolworths CEO Brad Banducci
āWe acknowledge that we donāt always get it right, but all our procedures seek to ensure fair and sustainable relationships.ā
ā Coles CEO Leah Weckert on supplier relationships
āHonestly, Iām not interested in your spin or your bulls***. This is a Senate inquiry. Answer the question.ā
ā Greens senator Nick McKim to Woolworths boss Brad Banducci
āI would respectfully submit that this is an incredibly competitive market and that is good for consumers.ā
ā Woolworths CEO executive Brad Banducci
āThere 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.ā
ā Coles CEO Leah Weckert on pricing
Source: Senate hearing
Ā
Andrew Brown
(Australian Associated Press)