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The Australian Competition and Consumer Commission (ACCC) will live stream its upcoming public hearings for the supermarkets enquiry, scheduled from November 7 to 22. The public hearings will examine how retailprices relate to wholesale and farmgate prices, aiming to address the impact of these practices on consumers and suppliers alike.
Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years. The timing of the inquiries for the supermarket sector was also not ideal with changes of leadership at Woolworths, Coles, Metcash, Costco and Aldi. billion, but booked provisions worth $1.6
The pricing practices of Australia’s supermarket near-duopoly are about to the the focus of a year-long enquiry by the government’s competition regulator, the Australian Competition and Consumer Commission (ACCC). The regulator’s investigation resulted in identifying more than 700 potentially restrictive leases.
An exclusively online supermarket is rolling out across metro Sydney and Melbourne this month to capitalise on the demand for quick and convenient grocery delivery. We don’t have this problem because we purchase wholesale and sell at retailprices.”. 15-minute delivery .
Several submissions advocated splitting the wholesale and retail arms of the two players, Woolworths NZ and Foodstffs, thus reducing their ability to influence prices through convenience stores and independent retailers. In addition, Covid has brought about further, more recent, steep cost increases.
“This is because they are unable to compete with the major grocery retailers on price and product range in order to satisfy the widespread consumer demand for a main shop at a single store.”. The post Woolworths’ Countdown stores failing Kiwi consumers, says local watchdog appeared first on Inside Retail.
At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retailprice inflation. Japan is an excellent case in point.
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