Power price surge: Woolies has bad news for shoppers

By Madeleine Heffernan
Updated March 28 2017 - 6:38pm, first published 6:32pm
FAIRFAX MEDIA BUSINESS
Generic photos of Woolworths supermarket at Double Bay. 27th August 2015
Photo Dallas Kilponen Photo: Dallas Kilponen
FAIRFAX MEDIA BUSINESS Generic photos of Woolworths supermarket at Double Bay. 27th August 2015 Photo Dallas Kilponen Photo: Dallas Kilponen

Woolworths chief executive Brad Banducci says growing competition has destroyed the supermarket duopoly it enjoyed with rival Coles, and the sector's world-leading profit margins.

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