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No 'silver bullet' for competition concerns in Australia's grocery sector, watchdog says

( March 20, 2025, 21:59 GMT | Official Statement) --  MLex Summary: Coles Supermarkets and Woolworths Group are among the most profitable supermarket chains in the world and their average product margins in Australia have increased over the past five financial years, according to a study published today by the country’s competition watchdog. However, while the Australian Competition & Consumer Commission has issued 20 recommendations to increase transparency and competition in the sector, if found no evidence that the supermarkets had engaged in price-gouging. “Aspects of Australia’s supermarket sector … are not working well and this is leading to poorer outcomes for consumers and suppliers than would be expected in a more competitive market,” the report said.The full statement from the Australian Competition & Consumer Commission follows; an the final report is attached, along with a fact sheet. ...

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