What Coles and Woolies can do to rescue their reputations after fake discount claims | The Business [Video]

Coles and Woolworths share prices have fallen following ACCC legal action against the supermarket giants for allegedly misleading customers over fake discounts. Roger Montgomery from Montgomery Investment Management, says the action by the ACCC confirms to customers that ‘pricing is machiavellian’ and the culture at the supermarkets is ‘rotten’. He says one of the two companies has the opportunity to get the commmunity behind them, but they have to be first to face the public and make changes.
#ABCBusiness

Subscribe: http://ab.co/1svxLVE

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia