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AAP
AAP
Business
Poppy Johnston

Coles faces competitive pressure from online retailers

Coles is competing with hardware stores, pharmacies and online retailers, the supermarket's CEO says (Lukas Coch/AAP PHOTOS)

Online marketplaces such as Amazon are increasingly competing with the major supermarkets, Coles chief executive Leah Weckert says.

Market concentration in the supermarket sector has Australia's two biggest players fending off criticisms that they are using their market power to charge consumers high prices and squeeze suppliers.

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