class="post-template-default single single-post postid-26210 single-format-standard wp-custom-logo wp-embed-responsive right-sidebar light-theme">

Profit margins at Coles and Woolworths were in line with major overseas supermarkets in 2008. Now they’re the highest in the world

7752 MSM7ri
Spread the love

Australia’s grocery duopoly has leapfrogged peers when it comes to profitability – these charts prove it

Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast

Sixteen years ago, the Rudd government ordered an inquiry into the supermarket sector amid rising public discontent about grocery prices.

The sector was already highly concentrated with Coles and Woolworths enjoying a collective 65% share of the market, as the Franklins business withered and upstart Aldi was still in its early stage of expansion in Australia.

Continue reading… World news | The Guardian

Leave a Reply

Your email address will not be published. Required fields are marked *

Optimized by Optimole