Comment on After months of reviews, the government has made its first move on the big supermarkets
Fluid@aussie.zone 6 months agoAnd zero consequences for their egregious past behaviour…
Comment on After months of reviews, the government has made its first move on the big supermarkets
Fluid@aussie.zone 6 months agoAnd zero consequences for their egregious past behaviour…
Salvo@aussie.zone 6 months ago
The consequences will that their record profits since COVID-19 will dry up and they will need to figure out other ways of cutting expenses.
They will crash like they did in the 1980s and rationalise their business model by selling off their smaller branches. IGA will suddenly have a lot more members, Foodworks will be much bigger and Tuckerbag may even make a comeback.
The problem is that they have overcapitalised. Near us, we have two very large Woolworths within walking distance from each other. Two suburbs over, it is the same with two very large Coles’s.