US EditionAustralia’s supermarkets grew profit margins as living costs soared, says regulator
- Australia's consumer watchdog, the ACCC, released a report with 20 recommendations to combat price-gouging, dodgy discounting, and shrinkflation in supermarkets.
- The ACCC found that Woolworths has 38% and Coles has 29% of the grocery market share in Australia, contributing to an oligopolistic environment.
- The ACCC recommended that supermarkets must notify consumers when product sizes change due to shrinkflation, addressing concerns of over 21,400 survey respondents.
- Consumer group Choice welcomed the recommendations, emphasizing the need for more transparency regarding shrinkflation in supermarkets.
38 Articles
38 Articles
How the damning supermarket inquiry has changed Aussie shopping habits
More than 40 per cent of Australians have changed their grocery shopping habits following the ACCC inquiry into supermarket pricing, which was launched last year before the findings were released overnight.According to research from Canstar Blue, consumers are now more cautious than ever when shopping at major supermarkets, with 17 per cent admitting they're shopping at them less frequently.This comes after the report revealed that Woolworths an…
ALDI, Coles, and Woolworths Among the Most Profitable Supermarkets Globally: ACCC
The much-awaited report from the ACCC inquiry into Australian supermarkets has been released with the competition watchdog concluding that Coles, Woolworths, and ALDI are among the world’s most profitable chains. At the same time, among numerous findings, the Australian Competition and Consumer Commission (ACCC) said it was difficult for new larger competitors to enter the market. The ACCC said the average product margins for the three majors ha…
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