Factbox-Scandals that rocked corporate Australia in 2024

Australia's Woolworths hikes worker wages to resolve strike action, shares gain

Woolworths has reached a wage increase agreement with union workers, resolving a strike that affected store service and resulted in an estimated loss of A$140 million in sales.

Australia introduces bill imposing big fines for supermarket misconduct

Australia's Woolworths, Coles face class action over dodgy discount claims

A law firm filed a class action lawsuit against Australia's Woolworths and Coles, claiming misleading discount practices, potentially entitling customers to refunds amid a cost-of-living crisis.

Earnings call: WideOpenWest reports mixed Q3 results, eyes fiber expansion

Australian grocer Woolworths flags a challenging environment for fiscal 2025

Woolworths lowers earnings estimates due to rising cost-of-living pressures, anticipating continued value-conscious consumer behavior amid challenges in the Australian retail market.

Australia regulator reviews claims of Woolworths and Coles 'land banking'

Australia's regulators investigate Woolworths and Coles for potential land banking to hinder competition, amid rising scrutiny over grocery sector practices and market dominance.

Australia sues grocery giants Woolworths and Coles over 'illusory' discounts

Australia's consumer watchdog has filed lawsuits against major supermarkets Woolworths and Coles for misleading discount practices amid rising living costs, seeking significant penalties for consumer law breaches.

Australian competition regulator sues Woolworths, Coles over discount claims

The ACCC is pursuing legal action against Woolworths and Coles for allegedly misleading consumers with false discount claims, impacting prices on various supermarket items.

Australian retailer Woolworths exits Endeavour Group three years after spin-off

Woolworths sells its 4.1% stake in Endeavour Group for A$383 million, ending its longstanding relationship to focus on acquiring PFD Food Services amidst challenging liquor market conditions.