Article 6R169 Mirror-like offering by supermarket giants may be stifling vigorous competition, ACCC report says

Mirror-like offering by supermarket giants may be stifling vigorous competition, ACCC report says

by
Jonathan Barrett Senior business reporter
from World news | The Guardian on (#6R169)

Australian Competition and Consumer Commission uses special information gathering powers to examine concerning' reports from grocery suppliers

Australia's major supermarkets provide broadly similar products, prices and loyalty programs in an oligopolistic market that may limit incentives to compete vigorously, the competition regulator has found in its interim report on the sector.

The Australian Competition and Consumer Commission also said grocery suppliers had raised concerning" issues - such as being required to pay rebates for promotions to supermarkets - prompting the regulator to use its compulsory information gathering powers to examine the reported behaviour.

Sign up for Guardian Australia's breaking news email

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments