Supermarket giants an ‘oligopoly’: watchdog
The competition regulator has labelled supermarket giants Woolworths and Coles oligopolists and warned it will now scrutinise whether the twin chains are misusing market power to ratchet up prices.
The competition regulator has labelled supermarket giants Woolworths and Coles oligopolists and warned it will now scrutinise whether the twin chains are misusing market power to ratchet up prices.
A quarterly report into grocery prices has compared the cost of a basket of groceries from Coles, Woolworths, Aldi and IGA, with one chain clearly cheaper.
A quarterly report into grocery prices has compared the cost of a basket of groceries from Coles, Woolworths, Aldi and IGA, with one chain clearly cheaper.
The Albanese government jacked up the price of power through its failing energy policy, dishing out a one-off ‘relief’ payment to keep CPI from rising and then claiming credit for reducing inflation.
Today, I will explore how Woolworths and Coles got into the ACCC legal mess and some of the changes that will be required. It may be too late, but Bunnings needs to pay attention.
Second-tier supermarkets such as Aldi are poised to benefit from souring customer sentiment towards Coles and Woolworths, analysts say.
Coles and Woolworths have breached the trust of Australians by offering illusionary discounts and acting in a way Anthony Albanese says constitutes an ‘abuse of power’.
Cost of living is a hot political issue and politicians want to be seen to be doing things about it, so supermarket giants Woolworths and Coles are easy targets.
The competition watchdog has praised consumers for helping to bring on one of its biggest consumer action court cases.
Australia’s biggest supermarkets are under the pump from the competition watchdog, which says it relies on consumer tips to set priorities and kick off investigations.
Prime Minister Anthony Albanese warned supermarket giants to “get your act together,” after they were accused by the consumer watchdog of price gouging.
China’s housing stimulus measures trigger investor rush from banks to miners. Economic outlook ‘remains uncertain’: RBA. Supermarket giants Coles and Woolworths still reeling from legal action. Cettire soars on earnings audit.
The ACCC case is terrible timing for Coles and Woolworths.
Anthony Albanese has blasted the supermarket duopoly for treating customers like ‘fools’ and warned Coles and Woolworths may have exacerbated inflation, as he unveiled a crackdown on misconduct in the sector.
The competition regulator is pursuing Coles and Woolworths over misleading discounts, with the ACCC chief saying the issue is as important as the so-called Qantas ghost flights case.
Shoppers frustrated with supermarkets leaving ‘the little guy high and dry’ may not see immediate cost impacts from the ACCC’s legal action.
The ACCC’s claims are as damaging as they can get. But the regulator needs to be careful not to buy into the emotion around price gouging.
Farmers have been calling out the major supermarkets for years. They say the ACCC’s case against Coles and Woolworths is a step in the right direction.
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
The competition regulator has launched separate legal proceedings against the two retail giants, alleging ‘misleading’ discounts on hundreds of common supermarket products.
Original URL: https://www.theaustralian.com.au/topics/woolworths/page/4