ACCC Probes Supermarket Competition as Aldi Gains Ground

Australia's competition watchdog examines whether Woolworths and Coles dominate the market unfairly, with Aldi emerging as a growing challenger.

The ACCC's inquiry into Australia's supermarket sector is investigating whether Woolworths and Coles operate as an oligopoly, controlling 67% of the market.
German retailer Aldi, with nearly 600 stores, is seen as a significant competitor, influencing pricing strategies at both Woolworths and Coles.
Aldi holds an 8.1% market share, significantly smaller than Woolworths' 32.5% and Coles' 24.8%, but its steady growth has disrupted the market.
Executives from Woolworths and Coles argue that competition also comes from Amazon, Costco, and other retailers, though the ACCC is scrutinizing these claims.
The inquiry's final report, set for February 2025, will assess barriers to entry and whether consumers and suppliers face limited options in the grocery sector.