Woolworths bosses defend prices and practices during ACCC grilling | The Business | ABC News

Woolworths boss Amanda Bardwell has insisted the supermarket giant is operating in a fiercely competitive market. Speaking at an ACCC inquiry into the sector, she accepted Woolies was a substantial player, but said Aldi had an important role and many other retailers, like Coles, Amazon, Chemist Warehouse and Bunnings were competiting for sales. The federal government asked the competition watchdog to hold this inquiry following consumer rage about food price rises. Metcash's testimony reiterated its concerns about landbanking, a tactic Woolworths again denied. The competition regulator is also taking Coles and Woolies to court, alleging they promoted fake discounts. The inquiry, which is looking into allegations of price gouging by the supermarkets, and whether suppliers are getting their fair share, has also heard from growers, who have reiterated long-held concerns from Australia's agricultural sector.
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