Coles and Woolworths supermarkets have been named among the world’s most profitable companies, highlighting their strong financial performance.
This ranking is particularly significant given the ongoing accusations by the Australian Consumer Commission, which has criticized both companies for making unfair profits.
Reports estimate that Coles and Woolworths have generated billions of dollars in net profits over the past financial year through both online and offline sales.
At the same time, the Consumer Commission alleges that these retailers have increased consumer goods prices by 24 percent over the past five years.
Meanwhile, Amazon has emerged as the world’s most profitable retail company.
