Ian K said...
No didn't realise that. How many competing grocery chains would you say there are? There are fair trading laws that you'd hope are being abided by.
Westfarmers = Coles, Coles Express Petrol, BI-LO, Liquorland, Vintage Cellars, 1st Choice Liquor, Pcik'n'Pay, Bunnings, Harris Technology, Office Works, Target, KMart, Kleenheat Gas, Westfarmers LPG + 50% stake in FlyBuys + other interests in Insurance and Industrial
Woolworths Limited = Woolworths, Woolworths Liquor (formerly Mac's Liquore in some states), Safeway, Safeway Liquore, Flemmings, Thomas Dux Grocer, Macro Wholeffods, BWS (Beer Wine Spirits) Liquore, Dan Murphy's Liquore stores, Caltex, Big W, Dick Smith, Tandy, Lowes Hardware + Everyday Rewards / money and mobile
As you can see, there isn't much left as far as grocery retails is concerned. According to Costco's Chief financial officer both Coles and Woolworths have been trying to hold up and block the opening of Costco shops in Australia by objecting council submitted plans for new stores. Apparently this was done via Coles / Woolys funded laywers. Something both companies denny but it was apparently done in the same way for the Melbourne location as well as the Sydney location. In the case of the Sydney location it took Costco 2 years to get council approval for the store.
As for fair trading laws, anyone that believes those are working probably also believes in the tooth fairy and Santa Claus. Just face it we live in a country driven by greed at any cost.