The chief executive of one of Australia’s small retailers has blasted the supermarket giants Coles and Woolworths for actively stifling competition.
A supermarket executive has accused Coles and Woolies of snapping up local land to stifle their competitors and drive up land prices.
“Their sheer scale gives them the financial capability to do that. It gives them greater sway with developers, landlords and other parties, like state governments,” Mr Ramage said.Smaller players in the $135bn supermarket and liquor industry, Aldi, Metcash and Endeavour, are facing questions about how they set prices and use their market power when dealing with suppliers.
The dominance of the two supermarket chains, which control two-thirds of the market, will be placed on full show next Tuesday when executives from both chains front senators. Asked why there were no Aldi stores in Tasmania, Ms McGrath said zoning difficulties had made traditional catchments in major cities “difficult”.
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