this post was submitted on 27 Aug 2024

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77

Up! Up! Coles' annual profits are up to $1.1 billion. (aus.social)

submitted 3 weeks ago by ajsadauskas@aus.social to c/australia@aussie.zone

16 comments fedilink hide all child comments

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

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[–] Gbagginsthe3rd@aussie.zone 9 points 3 weeks 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

[–] Salvo@aussie.zone 1 points 2 weeks 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.