Albanese invites Arab 'hypermarket' to compete with Coles and Woolworths

Comments

• Strayce@lemmy.sdf.org ⁨3⁩ ⁨days⁩ ago

  More giant corporations will definitely solve the problems created by giant corporations.

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• thatKamGuy@sh.itjust.works ⁨3⁩ ⁨days⁩ ago

  Honestly, it’s not going to do much - even Aldi has had a limited overall impact.

  Both Coles & Woolies are publicly traded companies, we can freely see their financials every quarter. They both post a net profit of ~5-6% once it’s all said and done - hardly a fat margin for other players to come in and drastically undercut.

  The bare truth of the matter is that we have a small population in a large amount of space, with compare high wages (this is good). Transporting fruit and veg from tropical FNQ to VIC and TAS in the winter comes with associated costs; labour, fuel, wear & tear all need to be accounted for.

  It all comes back to property prices, though - we feel that food is expensive because the cost of keeping a roof above your head, whether through owning or renting, has just skyrocketed over the past 30 years.

  Every other beat-up article talking about inflation or supermarket prices is just another distraction from the actual underlying cause: housing being turned into a financial vehicle.

  So let’s ignore the noise, and actually address the root cause by going after all of the unfair tax incentives and subsidies afforded to the land-hordes at the cost of everyone else.

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  • Taleya@aussie.zone ⁨3⁩ ⁨days⁩ ago

    nah fam, they do take the piss,.

    Take for instance a bog standard coke can 10 pack. Look at the “savings” Coles don’t even bother with “savings”

    now when Aldi sell a sixpack for 8 bucks and a 30 pack for 31, drakes sells a 10 pack for 13, on par with my local Market Europa, although they recently had them for 10.

    Now here’s the real fun part: They want 50 bucks for a 30 pack. Big W - Also owned by woolworths group - sells them for 30.

    It’s greed.

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    • thatKamGuy@sh.itjust.works ⁨3⁩ ⁨days⁩ ago

      This isn’t some big gotcha… it’s literally the standard weekly catalogue promo cycle; Woolies/Big W might have them on sale this week, and Coles will have them on sale the next. Rinse and repeat every few weeks.

      They don’t expect (m)any people to buy them when they’re not on promotion; they use the inflated RRP to make the promotional price (that they actually expect people to buy at) all the more attractive and get people into the store.

      It’s not some grand conspiracy, it’s basic Marketing.

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    • Eyekaytee@aussie.zone ⁨2⁩ ⁨days⁩ ago

      ThatKamGuy mentioned the price cycle, here’s an article on it:

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      www.abc.net.au/news/2024-10-26/…/104470674

      But yeah I switched to Aldi’s “regal cola” instead of buying coke, Aldi has it nice and low cost all the time

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    • Cypher@lemmy.world ⁨3⁩ ⁨days⁩ ago

      Chocolate was a good measure of Colesworths greed, at Aldi a block of milk chocolate was $3.40 and at Woolworths it was $10, at Coles it was $8.90.

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  • HalfEarthMedic@slrpnk.net ⁨3⁩ ⁨days⁩ ago

    While I do agree that housing is such a much more important factor in cost of living than Colesworth gouging but it is a real issue and competition may improve it.

    I think that a better solution would be to transition the big chains to some combination of worker/consumer ownership. But increasing competition is the only solution to this one inside the Overton.

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    • thatKamGuy@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

      Again, I reiterate that Coles and Woolworths posted a net profit of ~5-6%. Meanwhile, Coca Cola posted a Net Profit of ~22.6%. But sometime, it’s all Coles/Woolies fault - and some mythical additional supermarket entrant is going to come in and single-handedly fix the affordability crisis.

      This whole fixation on Supermarkets price gouging is such obvious political theatre, and it’s saddening to see so many people just go with it, and not question why that narrative is being pushed.

      Property prices sky-rocketing over the past 30 years has caused the biggest wealth transfer away from the working class over the past ~150 years. The knock-on effects of this are why people wince at the checkout line - not because cans of Coke are ~$1ea now.

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  • FreedomAdvocate@lemmy.net.au ⁨3⁩ ⁨days⁩ ago

    Uh oh, people won’t like you pointing out that Colesworth aren’t making huge margins and aren’t price gouging.

    The issue is cost of everything in the supply chain before it gets to colesworth for us to buy has gone through the roof since Covid thanks to the governments terrible handling of, well, everything economy related since then.

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• beeng@discuss.tchncs.de ⁨2⁩ ⁨days⁩ ago

  In Germany different supermarkets focus on different things, so you can shop around for different things, eg meat, veg, bread, canned at get different ones in different places to make your money go further. Its usually pretty easy cos you don’t need to drive across town to visit 2 or 3 places, but the reluctance to go to >1 places in Australia I think is one big reason why people still get stooged… You have choice, just got to use it… If you say OK its too hard and just get everything at Coles.

  Then shut the whining, you made your choice.

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  • HalfEarthMedic@slrpnk.net ⁨2⁩ ⁨days⁩ ago

    I kind of think “whining” about systemic problems is really important.

    It’s really not the consumer’s fault that we have so little competition, that is a regulatory failure. It’s not their fault that town planning places supermarkets far apart and difficult to travel between, that’s a planning failure.

    Raising public awareness by “whining” is one of the few things we can do that might translate into change.

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    • beeng@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

      There is not no competition… it’s just lower on “convenience”.

      Eg how many places do you spread your weekly shopping?

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  • NigelFrobisher@aussie.zone ⁨1⁩ ⁨day⁩ ago

    How come Aldi Nord, Aldi Sud and Lidl have exactly the same format then?

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    • notgold@aussie.zone ⁨12⁩ ⁨hours⁩ ago

      Because it works

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  • melbaboutown@aussie.zone ⁨1⁩ ⁨day⁩ ago

    That’s a very smart way to go about things. Unfortunately physical disability and/or being carless make this approach difficult.

    Also time, depending on where you live there may be considerations around fuel, and this may be more or less doable depending on whether or not you have small kids with you.

    If it were up to me I’d go to markets and supplement with Aldi but my reality is fairly annoying

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    • notgold@aussie.zone ⁨12⁩ ⁨hours⁩ ago

      Move closer to a market if it’s too hard to stop past one on a weekend or open weekday.

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• Ilandar@lemmy.today ⁨3⁩ ⁨days⁩ ago

  There have been rumours about Lidl moving here for years now as well. I’m not against more competitors, but if another one joins I’d have 6 major competitors (Coles, Woolworths, Drakes, Foodland, ALDI, Lulu/Lidl/???) to choose from, plus smaller stores like NQR, IGA and all the local independents. I feel like it would just dilute the non-Colesworth share of the market further, leading to the closure of one or several of those smaller chains.

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  • princessnorah@lemmy.blahaj.zone ⁨3⁩ ⁨days⁩ ago

    Foodland is just an IGA franchisee. Also it only operates in South Australia, and Drakes is only SA and Queensland.

    You’re right about diluting the market though. I think Albo is just too scared to actually regulate Colesworth. I’m kind of sick of him being so milquetoast, especially now that Labor have such an overwhelming majority.

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    • Ilandar@lemmy.today ⁨2⁩ ⁨days⁩ ago

      Foodland is just an IGA franchisee. Also it only operates in South Australia, and Drakes is only SA and Queensland.

      Well yes, I live in Adelaide. That’s why I talked about what I’d have to choose from, not all Australians.

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