Australian Competition and Consumer Commission uses special information gathering powers to examine ‘concerning’ reports from grocery suppliers
The ACCC is suing Coles and Woolworths over allegations they misled shoppers by offering ‘illusory’ discounts on hundreds of common supermarket products.The ACCC is suing Coles and Woolworths over allegations they misled shoppers by offering ‘illusory’ discounts on hundreds of common supermarket products.
Australia’s two major supermarkets, which control two-thirds of the market, have faced intense scrutiny over their pricing practices, drawing criticism from all political parties before an election focused on cost-of-living pressures.“We see Woolworths and Coles providing a broadly similar experience to customers through largely undifferentiated product ranges, pricing at similar levels and similar non-price offerings including loyalty programs,” said Mick Keogh, the deputy chair of the ACCC.
“We will examine whether supermarkets are exercising market power to increase retail prices more than is necessary to accommodate increases in the wholesale prices supermarkets pay,” Keogh said.
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