Code of conduct should cover offshore retailers: Goyder

Wesfarmers managing director Richard Goyder has called on suppliers to force offshore retailing giants to sign on to the recently announced code of conduct reached by Coles and Woolworths, according to The Australian Financial Review.

The code of conduct, which would increase oversight by the Australian Competition and Consumer Commission (ACCC), is designed in part to allay fears of dominance by Coles and Woolworths.

However, Mr Goyder said the focus on those two companies, including Wesfarmers-owned Coles, overlooks the role overseas retailing giants such as Costco and Aldi play in the Australian market.

“I think suppliers should demand the same standards from all the retailers,” Mr Goyder told the AFR.

“I don't subscribe to the view that there is a duopoly of supermarkets in Australia.

“It's for others to judge whether some of the major suppliers and some of the other retailers should be part of the code and should have to conduct themselves in the same way that we will be expected to conduct ourselves.”