The market share of Coles and Woolworths is being fragmented as more shoppers move to online rivals including Amazon, Temu and Shein for household staples.
Already a subscriber?The market share of Coles and Woolworths is being fragmented as shoppers move to online rivals includingfor household staples, analysts say, amid calls for competitors to the supermarket giants to be covered by tougher grocery unit pricing rules.
Bunnings managing director Mike Schneider said less than 5 per cent of Bunnings’ sales came from online or through apps. Mr Gilbert predicted sales growth across the retail sector would increase in 2024-25 because of the effect of tax cuts from July 1, and likely interest rate cuts by the RBA.Amazon announced on Tuesday it would spend $490 million on two new fulfilment centres at Horsley Park in western Sydney, adding to its expanding infrastructure network.
“There’s currently no penalties attached, and the level of commitment can be quite variable. We’ve called for it to be extended to other entities selling grocery-type items like big-box pharmacies, hardware stores and online retailers,” he said.
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