Woolworths slashed its prices in March, so the gap between its groceries and those at discounter Aldi fell to its lowest level in two years amid intense pressure on market share and from politicians and regulators.
Research by Wall Street investment bank JPMorgan found the price premium at smaller rival Coles also fell compared with the German discounter.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
