Coles, Woolworths must allow competitors in shopping centres

CHANGES today could mean cheaper grocery prices with Coles and Woolworths banned from restricting competition in shopping centres.

The breakthrough, brokered by the competition watchdog, means that the Coles and Woolworths will no longer be able to demand that shopping centres not lease out space to competitors.

The deal means that the big two supermarket chains will begin to lose the monopoly positions they enjoy in many shopping centres, said Professor Michael Beverland, a lecturer in marketing from RMIT University.

Read more about supermarkets and shopping centres at news.com.au.