Woolworths will begin its first head-to-head battle in Australia against US giant Costco when it opens a supermarket and Big W variety store at Canberra Airport today, in a move described as frightening for smaller retailers but a win for consumers.
ACT Chamber of Commerce and Industry chief executive Chris Peters said there were concerns that Woolworths and Coles already had significant share of the retail market.
”On the other hand, it is a very interesting study that Woolworths has chosen Canberra to take on Costco head to head,” Dr Peters said. ”It’s the first place in Australia that will have those two supermarkets side by side.
Read more in the Canberra Times