Woolworths and Coles could be totally innocent of allegations they were misleading customers and manipulating specials, with politicians wanting to find someone to blame for higher prices, former competition regulator Graeme Samuel says.
The former Australian Competition and Consumer Commission chairman’s comments come as the regulator’s interim report into the grocery sector found the two major supermarkets had increased their earnings and operating margins over the past five years.
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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
Tom McIlroy was the Financial Review’s Canberra bureau chief.