Coles and Woolworths deliberately killing competition
Tuesday 14 August 2012 @ 8.27 a.m. | Corporate & Regulatory
A new report by Master Grocers Australia says supermarket giants Coles and Woolworths are deliberately killing competition.
Master Grocers Australia, who represents smaller operators, says Coles and Woolworths are saturating the market and opening oversized supermarkets to lock out competitors.
They say the evidence is now in and the Federal Government and the Australian Competition and Consumer Commission (ACCC) have to act.
In Australia, for every $10 spent on groceries about $8 goes to Coles and Woolworths. It is one of the most concentrated markets in the world. In Toowoomba in Queensland, it is even more so.
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