Two Dominant Supermarts in Australia

 The ACCC complaint in 2024 echoes one of the reasons I hardly go to Coles and Woolworths for three years now....

these supermarkets now make net annual profits of at least around a billion aud.

In past 2 years, when I see their outlets, they have political like banners in big font shouting out 1/2 price, Down  Down Down and such stuff.

Is excessive corporate greed is so obvious from Coles and Woolworths?  Just check with our own gut feel.

The Australian government
mentality is as usual - wait for the matter to grow exponentially and then only point fingers.  Singapore has a different approach.

Coles and Woolworths have grown so market dominant they are too big to fail and are a duopoly, capturing 90 pc of the Australian retail market for groceries. Across Australia, we most probably and instinctively do not say "We are going grocery shopping" - we naturally say " We are going to Coles" ( or Wollies).

I prefer to buy from several other sources like independent local shops, online delivery options, local fresh markets and small businesses.

The most insulting thing from Coles and Woolworths is that they underestimate the intelligence of their customers.

Most of their products are also manufactured processed food with unhealthy dosages of fat, salt, sugar and preservatives.

Coles has also bought into offering Malaysians their products.  My view is to avoid them.

#yongkevthoughts