Woolworths Limited
(ASX:WOW) and Wesfarmers Limited
(ASX:WES) owned Coles have reportedly been accused of anti-competitiveness by a new report issued by Master Grocers Australia, who represent smaller retailers such as IGA
(ASX:MTA) and Foodworks.
According to a media report by the ABC, the findings of Master Grocers claim Australia is at risk of a loss of retail diversity and have accused Coles and Woolies of opening oversized supermarkets as a strategy to lock out competitors.
Representatives for both Coles and Woolworths have rejected the report.
Master Grocers have called on the Federal Government and the Australian Competition and Consumer Commission to act and review the competition and planning laws.
In the first half of the 2012 financial year Woolworths reported a net profit $975 million.
