ACCC urges reform as Coles and Woolworths named among ‘most profitable’ supermarkets in world
A 441-page report calls for 20 recommendations, including greater transparency around prices, special offers and ‘shrinkflation’Get our breaking news email, free app or daily news podcastColes and Woolworths increased prices during a cost-of-living crisis to boost profits and used promotions that made it hard to judge a good shopping deal, the competition regulator concluded in a major report investigating the sector.The Australian Competition and Consumer Commission (ACCC) also found the big chains, along with discount rival Aldi, are among the most profitable supermarket businesses in the world, and that the sector requires widespread reform.Sign up for Guardian Australia’s breaking news email Continue reading...
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A 441-page report calls for 20 recommendations, including greater transparency around prices, special offers and ‘shrinkflation’
- Get our breaking news email, free app or daily news podcast
Coles and Woolworths increased prices during a cost-of-living crisis to boost profits and used promotions that made it hard to judge a good shopping deal, the competition regulator concluded in a major report investigating the sector.
The Australian Competition and Consumer Commission (ACCC) also found the big chains, along with discount rival Aldi, are among the most profitable supermarket businesses in the world, and that the sector requires widespread reform.
Sign up for Guardian Australia’s breaking news email Continue reading...
