Coles buys profitable Woolworths store By Jessica Kidd
Supermarket giant Coles has launched a surprise attack on its rival Woolworths by secretly buying one of its most profitable stores on Sydney's lower north shore.
Woolworths has confirmed that Coles has recently purchased its highly profitable stand-alone store in Neutral Bay.
A Woolworths spokesman says the sale came as a surprise for the company, but it is not an unprecedented move.
Coles was forced to find another location after Woolworths bought its Katoomba supermarket in the Blue Mountains late last year.
Matthew Levey from consumer group Choice says despite the real estate jostling, customers will not be left out of pocket.
"People tend to shop on the basis of convenience and price," he said.
"I'm not sure of the degree consumers differentiate between the two beyond what's convenient, but certainly the two big supermarkets keep getting bigger and competing with each other in some quite interesting ways."
The Australian Competition and Consumer Commission is already investigating allegations Coles and Woolworths bullied suppliers and discriminated in favour of their own generic products.
Peace is not just the absence of war, it is the presence of justice - Albert Einstein
Willow: Welcome to any members of the Vintage and Classic Van group of SA who venture here. We have our special section but feel free to add to or join nay other conversations - or start your own
May 10, 2016 15:15:40 GMT 9.5
steelydan: Hi! Just wondering if anything is happening here yet?
Oct 24, 2017 7:50:36 GMT 9.5
parkerdivine: I am so glad you are here. I am not on the internet that much anymore, but I would like to stop by almost daily for a few minutes.
Dec 27, 2018 12:13:47 GMT 9.5
TellingBird: Sorry everyone, I just now returned from being beaten up by the internet!
Apr 9, 2019 12:29:24 GMT 9.5
TellingBird: PD- if you're still out there in the ozone, drop me a line? Blue Skies and Gentle Winds, my Friend*
Apr 9, 2019 12:42:38 GMT 9.5
TellingBird: I sure do miss the old forums! I'm not very good with all the fancy stuff out there in the tech world. Give me a hard copy any day!
Oct 16, 2019 9:12:54 GMT 9.5