Woolworths vows to keep lid on prices
WOOLWORTHS boss Grant O’Brien has cast himself as the consumers’ friend by warning low prices at the supermarkets were here to stay, no matter the protests from squeezed suppliers.
Mr O’Brien, now two years at the helm of Australia’s biggest supermarket chain, also pledged he would continue to lean on food, grocery and petrol prices despite fresh investigations by the competition regulator. But he did hold out a small olive branch to suppliers, saying they had a vital part to play in the Woolworths business and broader Australian economy.
”We can’t serve the customer if we don’t have a supplier base so we are very aware of that and we work every day with suppliers,” Mr O’Brien said. Sydney Morning Herald – Read more…