If Colesworth profit margins are 6%, and you think it needs to come down to say, 2%, won't all that do is bring a $100 grocery shop down to $96? That doesn't seem like it'll do much to bring down prices.
Isn't the more obvious conclusion here, that the suppliers themselves have seen costs go up significantly in the past few years, and are merely passing on these increases, resulting in the alleged "price gouging" grocery pricing we've been seeing?
Seems to me the focus on Colesworth in relation to grocery price inflation is misplaced.
If Colesworth profit margins are 6%, and you think it needs to...
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