The Motley Fool’s Scott Phillips says there is an impending price war involving Australia’s two largest supermarkets and suppliers. Coles is currently behind Woolworths in the sales race and Mr Phillips said whenever this this happens “by too long a degree” it triggers a situation where the supermarkets go to suppliers and demand bigger discounts. Suppliers are being asked for temporary and permanent price reductions despite the fact both supermarkets recorded double digit sale gains in 2020 due to the coronavirus.
from Breaking National News and Australian News | Daily Telegraph https://ift.tt/3eAp1hG
Monday, April 26, 2021
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