Coles Group Faces Costly Fallout After Court Says ‘Down Down’ Discounts Misled Shoppers
Australia’s Federal Court found Coles misled shoppers with 13 of 14 sampled “Down Down” discount tickets, breaching consumer law. The ACCC will seek penalties; Coles is reviewing the ruling. Coles shares fell 2.7% after the decision, while Woolworths, facing a similar case, dropped 1.9%. Judgment in the Woolworths case is still pending.