Australia’s grocery duopoly has leapfrogged peers when it comes to profitability – these charts prove itFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSixteen 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…
Source link : https://www.theguardian.com/australia-news/2024/oct/01/coles-and-woolworths-have-leapfrogged-their-peers-in-profitability-these-charts-prove-it
Author : Jonathan Barrett
Publish date : 2024-10-01 01:08:23
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