Carrefour puts ‘shrinkflation’ price warnings on food to shame brands

Re:Carrefour puts ‘shrinkflation’ price warnings on food to ... by ta1243 on Friday September 15, 2023 @11:50AM (#37524903)

Record profits as a percentage of revenue.

The problem in Austrialia is a lack of competition, hence Woolworths can get a 5.9% profit compared with say Tesco in the UK with 3.8% profit (the UK having far more competition)

Not only that but while demand is decreasing, profits are increasing. That's a ridiculous system and shows a broken market.

[ Parent | on HN ]

Re:Carrefour puts ‘shrinkflation’ price warnings on food to ... by Gigachad on Friday September 15, 2023 @05:58PM (#37529595)

Plenty of competitors have prepared to enter Australia, and then left after finding there is no money to be made.

Too few people spread too far apart.

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Re:Carrefour puts ‘shrinkflation’ price warnings on food to ... by justinclift on Saturday September 16, 2023 @01:02AM (#37532177)

> Plenty of competitors have prepared to enter Australia, and then left after finding there is no money to be made.

Explain ALDI?

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Re:Carrefour puts ‘shrinkflation’ price warnings on food to ... by RugnirViking on Monday September 18, 2023 @06:06AM (#37554262)

it sounds a lot like there is plenty of money to be made from the figures parent is stating. Maybe it ought to be prased more like "unique logistical challenges" because clearly some few companies have made it work very well

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