29th November 2023 Grocery / NZFGC
The dates for a final 2023 virtual Code of Conduct training session have been confirmed by the New Zealand Food & Grocery Council.
Sales volumes as supermarket and grocery stores lifted 1.7% to $6.68bn in the September 2023 quarter compared with the June 2023 quarter, according to Stats NZ’s latest retail trade survey.
Auckland-based New Zealand Dispute Resolution Centre has been signed off as the provider to deliver the new dispute resolution scheme for the grocery industry.
Lane calls on suppliers to consider wholesaling products directly to combined convenience and route trade buyers – a move that would shift power from the duopoly.
The red sheds retailer continues to expand into grocery, with its fresh food offer entering more stores across the country.
Support for new entrants could include finance, making sure land is available, regulatory changes, incubating innovation and accelerating competition.
The Grocery Supply Code will drive food prices even higher, says the Taxpayers’ Union policy adviser, James Ross.
The retailer’s CEO says measures to improve wholesale access in NZ’s $22bn duopoly-dominated grocery sector have not yet helped the red sheds.
New entrants to and online competitors in New Zealand’s $22bn grocery sector have been given extra leeway to comply with new unit pricing following consultation on the draft regulations.
New regulations requiring grocery retailers to consistently and clearly display pricing by weight, volume or number are coming into effect at the end of August.
The watchdog fires off warning letters after uncovering potentially anti-competitive conduct towards Ben Nathan’s now closed online retailer, The Honest Grocer.
Pierre van Heerden sets out his priorities and the timetable for his first report on the state of grocery competition in NZ.
Work on a break-up of the supermarket duopoly is being “held in reserve” in order to let the effects of the current round of reforms percolate through the $22bn sector.
The Ministry of Business, Innovation and Employment has opened consultation on a review into anti-competitive land agreements across the wider economy.
“The start date of the grocery commissioner is expected very soon,” says Commerce and Consumer Affairs Minister Duncan Webb.
“Divestment is an option on the table as we continue to monitor the effectiveness of the reforms,” Duncan Webb says in response to Westpac’s report.
Easter temporarily reversed the inflationary trend of more dollars being spent buying fewer items, as unit sales flipped into growth, albeit at a subdued level.
A faster introduction of the proposed grocery supply code has been mooted, with new Commerce and Consumer Affairs Minister Duncan Webb called upon to create the first version rather than the Commerce Commission.
Fonterra wrote down the value of its New Zealand and Asian consumer brands by a total of $162m in the first half of FY23 as it battled higher input costs and ongoing pressure on margins.
The big box retailer is trailing a limited range at six stores, but plans to add more products and more locations as it continues its push into grocery.
Last year 30,000 people said bought flowers to mark Valentine’s Day, with sales for bunches picking up in the week of February 14 and nearly half – or some 45% – of those being sold on the day itself.
Grocery sector stakeholders are speaking on the Grocery Industry Competition Bill at select committee this week.
New Zealand data tracking and reporting company Sumfood has developed a free app to let consumers know which supermarket has the cheapest price, per person, for groceries.
The government’s announcement that it will force supermarket groups to supply wholesalers shows they “completely misunderstand” why groceries are expensive, says ACT Leader David Seymour.
Cost of living concerns impact spending sentiment with consumers planning to cut back on most purchases.
Feedback is sought on issues including which retailers should be subject to unit pricing, how said pricing should be displayed and what products should be exempt.
Package-free, lifestyle grocery store GoodFor has raised more than $1.8m of capital on fundraising platform Snowball Effect – exceeding its minimum target of $1.7m.
Some 93% of surveyed FGC members want code to address power imbalance in NZ grocery sector.