Coles chief claims Amazon has ‘reset expectations around delivery times’

Coles boss Leah Weckert has pointed towards Amazon’s aggressive entry into the Australian market during the cost-of-living Senate inquiry today, noting how the global shopping giant has a “willingness” to achieve market share while running up losses.

CEOs from Woolworths and Coles are being questioned at a Senate inquiry in Canberra today.

Weckert’s appearance in the Senate comes after a fiery morning, during which Greens Senator Nick McKim threatened Woolworths chief Brad Banducci with prison time if he failed to answer a question about the company’s return on equity.