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Woolworths and Coles' market power to be scrutinized by Australian competition watchdog

By Ryan Cropp ( January 25, 2024, 04:28 GMT | Insight) -- Australia’s two biggest supermarket chains, Coles and Woolworths, will have their market power and pricing strategies scrutinized by the country’s competition watchdog as part of a 12-month inquiry into the grocery sector, the government has announced. In a joint statement today, three senior Australian government ministers said the probe would examine the current structure of the industry, the competitiveness of smaller retailers and any impediments to competition in the sector, including loyalty programs and third-party discounts.Australia’s two biggest supermarket chains, Coles and Woolworths, will have their market power and pricing strategies scrutinized by the country’s competition watchdog as part of a 12-month inquiry into the grocery sector, the government has announced....

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