00:00Workers are the latest group to voice their anger at the big supermarkets.
00:10These guys are striking because Woolworths decided not to negotiate further.
00:16The strike action in Sydney and Melbourne comes as the supermarkets' bosses are facing
00:20a grilling in public hearings.
00:23There is very much a situation where there are two dominant retailers, isn't there?
00:29Having been at Coles for 13 years, I can assure you that competition is very fierce.
00:35The government asked the ACCC to do this inquiry after price gouging concerns.
00:41You'd agree that the gross margin is not a low one.
00:44It represents a reasonable margin.
00:49Coles and Woolworths have been emphasising the growing threat they're facing from Aldi,
00:53which now has 600 stores.
00:56So we start with Aldi and see what we can get with Aldi, because it is cheaper, and
01:00then we go to Coles and Woolworths.
01:02They've got a good choice of meat, it feels like good value.
01:06Retail expert Gary Mortimer says the big two are right to be worried.
01:11Aldi would probably be set to overtake Coles in store numbers.
01:14Smaller format stores, less range, less staff, and also global buying power.
01:20The big two say they're facing growing competition from Costco, Amazon, even the Reject shop.
01:26It'll all come down to the ACCC to decide if this constitutes enough competition.
01:32There are more competitors in many of the other markets.
01:37The Consumer Watchdog is releasing its final report in February in an election year.
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