ALDI, Coles, and Woolworths Among the Most Profitable Supermarkets Globally: ACCC

ACCC says the likelihood of larger chains making a big splash in Australia are slim, recommending smaller players be given more support.

Woolworths, Coles and Aldi signage supermarket signage in Melbourne, Australia on March 13, 2024. Asanka Ratnayake/Getty Images

The much-awaited report from the ACCC inquiry into Australian supermarkets has been released with the competition watchdog concluding that Coles, Woolworths, and ALDI are among the world’s most profitable chains.

At the same time, among numerous findings, the Australian Competition and Consumer Commission (ACCC) said it was difficult for new larger competitors to enter the market.