Woolworths, Coles Branded Key Players in Australia’s Supermarket Oligopoly: ACCC Interim Report

Published on September 27, 2024

The Australian Competition and Consumer Commission (ACCC) has labelled Woolworths and Coles as key players in an “oligopoly.” In its 265-page interim report released on Sept. 27, the supermarket giants were revealed to have lost consumer trust, with nearly half of the respondents complaining about prices, up from 17 percent in 2008. Key concerns include misleading pricing practices, loyalty program penalties, and limited negotiating power for suppliers. It also discusses growth constraints in the supermarket sector, with Coles and Woolworths indicating land may be held for extended periods due to rezoning delays. Concerns about “land banking” also hinder market access for new entrants. The Commission will summon the supermarket executives in November for a public inquiry....

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