The government is increasing its attention on the nation’s supermarket aisles,promising to make it easier to detect shrinkflation.
No matter what you do to encourage Australian shoppers to fill their trolleys with cheap groceries,we keep going back to the same supermarket duopoly.
Just a week after the competition watchdog started legal action against Coles and Woolworths,the federal government is targeting their undeveloped supermarket sites.
A political system of two major parties – like a corporate duopoly – can be a comfortable place,but it’s not clear that the business model is working.
The consumer watchdog’s allegation of “illusory” discounts is just one example of the tactics used to entice shoppers to spend.
Woolworths,Coles,Aldi and Metcash chief executives will be summoned to front ACCC inquiry hearings due to begin in November.
In their duopoly,the big supermarkets have a licence to print money,which is premised on them not bleeding the Australian public dry.
Consumers don’t like to be exploited,treated like fools,taken for a ride or hit when they’re down.
Since I don’t have the staying power for the ACCC’s upcoming federal court battle with you,here’s what we’re going to do.
The ACCC is suing the supermarket giants,alleging their “Prices Dropped” and “Down Down” discounts weren’t really what they seemed.
The ACCC alleges the lower-for-longer price discounts on everyday products from Coles and Woolworths were psychological bait.