Major changes are on the horizon for supermarket giants like Woolworths, Coles, ALDI, and Metcash. A new mandatory food and grocery code of conduct, recommended by former Labor minister Craig Emerson, is set to shake things up. And the stakes are high—these supermarket giants could be looking at fines of up to 10% of their […]
Big Supermarket Giants Face Huge Fines Read More »
The opposition, led by Peter Dutton, is developing a robust legislative proposal to reign in the power of supermarket giants Coles and Woolworths. This initiative, commonly referred to as the “big stick” law, is intended to combat anticompetitive behaviour and prioritise consumers’ interests, particularly as the nation gears up for a federal election. Under the
Opposition Unveils ‘Big Stick’ Law to Rein in Supermarket Giants Read More »
In a move to address the pressing concerns surrounding Australia’s food and grocery industry, the government has embarked on a mission to fortify the nation’s supermarket giants with a more robust regulatory framework. The catalyst for this transformation is a government-commissioned review led by former Labor competition minister and renowned economist Dr Craig Emerson, who
Transforming Australia’s Grocery Regulations for Fair Competition Read More »
In a respite for consumers and a challenge to the political push against alleged price gouging by supermarket giants, price cuts on popular groceries have played a pivotal role in curbing inflation in Australia. The latest data from the Australian Bureau of Statistics (ABS) reveals that a drop in grocery prices has contributed to a
Declining Grocery Prices Undermine Stricter Regulation Read More »
Amazon is making strides in the online grocery sector, challenging major players like Coles and Woolworths, amid reduced spending by Australian households. A recent survey by UBS, monitoring over 1000 Australian adults, showed that enthusiasm for online shopping has dwindled, especially for brands that also operate physical stores. Notable decreases in intentions to shop online
Amazon narrows the gap with supermarket leaders Read More »
According to the latest findings from Roy Morgan in the year leading up to December 2022, Woolworths Group and Coles Group, the two major supermarket chains, have a combined market share of 60.4% in Australia’s fresh bread market, which is valued at $2.5 billion. Although the overall size of the fresh bread market has decreased
Supermarket Giants Dominate Australia’s Fresh Bread Market Read More »
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