Supermarkets ‘have got too big for their boots’
Supermarkets are readying themselves for a grilling from the Competition Commission about their increasing dominance of the UK’s grocery market. The inquiry will be triggered by the Office of Fair Trading (OFT) after another month’s consultation.
Critics have accused the supermarkets of driving small local retailers out of business and of lessening consumer choice when they establish themselves in a particular area.
“Supermarkets, especially the big four of Tesco, Asda, Sainsbury’s and Morrisons, have got too big for their boots and are killing off the independent sector,” said retail analyst Debbie Harrison. “This is bad for competition and bad for the consumer.”
However, OFT replied that prices have been falling, and that this was a result of strong competition amongst the supermarkets.