Coles boss points to Amazon, Costco, Aldi, Bunnings as ‘significant and credible competitors’
Coles boss, Leah Weckert, has pointed to Aldi, Amazon, Chemist Warehouse, Bunnings, and even Costco as credible competitors as she denies that Australia has a supermarket oligopoly.
The comments were made on Thursday during the ongoing ACCC hearings into the competition watchdog’s supermarket inquiry.
Acting for the ACCC, barrister Naomi Sharp pointed out that Woolworths holds a 38% market share, while Coles has 29%.
