Amid a cost-of-living crisis, essential goods sectors like supermarkets, energy and banking have reported strong results – and a lack of competition is at the rootFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastIf you want to understand the competition problems in Australia’s corporate sector, take a look at the annual results delivered by Woolworths.Best known for running the country’s biggest chain of supermarkets, Woolworths also owns the discount department store Big W, and the results from those two businesses couldn’t be more starkly different.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/28/woolworths-annual-profits-share-price-financial-results-comment
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-08-28 05:14:33
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What do Woolworths and Big W’s starkly different results tell us about Australia’s competition problems?
