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Friday 20 May 2022

Supermarkets

Edwards’ MonopolyWatch adds voice to grocery “super profits” petition 16th May 2022

Edwards’ MonopolyWatch adds voice to grocery “super profits” petition

MonopolyWatch NZ is urging kiwis of all political persuasions to sign Consumer NZ’s Stop the super profits petition, which was launched last week.


“It’s a real cost to us” – FSNI’s Chris Quin on price cut pledge 11th May 2022 /

“It’s a real cost to us” – FSNI’s Chris Quin on price cut pledge

“As a result of this price rollback our stores will be selling some items below cost,” according to Foodstuff NZ boss Chris Quin.


Supie backs Consumer NZ supermarket petition 11th May 2022 /

Supie backs Consumer NZ supermarket petition

Online supermarket startup Supie has thrown its support behind Consumer NZ’s new petition calling for fairer supermarket prices. 


Countdown rejects Consumer NZ supermarkets’ “super profits” petition claim 10th May 2022 /

Countdown rejects Consumer NZ supermarkets’ “super profits” petition claim

The government should regulate access to the wholesale market or set-up a state-owned wholesaler, says the consumer organisation.


‘The duopoly has had ample time to change’ – Consumer NZ CEO’s open letter on supermarket reform 10th May 2022 /

‘The duopoly has had ample time to change’ – Consumer NZ CEO’s open letter on supermarket reform

The government should regulate access to the wholesale market or set-up a state-owned wholesaler, says the consumer organisation.


Countdown opens Greville Road store 29th April 2022 /

Countdown opens Greville Road store

Countdown has opened its new 3,650 square metre store on Greville Road on Auckland’s North Shore.


Robertson weighs in on supermarket competition 22nd April 2022 /

Robertson weighs in on supermarket competition

Finance minister Grant Robertson has underlined the government’s commitment to boost competition following a 30-year high in inflation.


New Countdown for Palmerston North 8th April 2022 /

New Countdown for Palmerston North

The 3,565 square metre store has been eight years in the planning, development and construction, said Countdown’s director of property, Matt Grainger.


Break-up grocery duopoly and guarantee liveable incomes – Greens 4th April 2022 /

Break-up grocery duopoly and guarantee liveable incomes – Greens

The Green Party is calling on Minister of Commerce and Consumer Affairs David Clark to break up the supermarket duopoly, citing an inequality crisis.


Perspectives: It ain’t over till it’s over – Tex Edwards on ComCom’s long game 31st March 2022 /

Perspectives: It ain’t over till it’s over – Tex Edwards on ComCom’s long game

ComCom’s approach to improving competition in supermarkets is more strategic than it is being given credit for, says MonopolyWatch NZ.


Commerce Amendment Bill passes final reading 31st March 2022 /

Commerce Amendment Bill passes final reading

The Commerce Amendment Bill, which aims to deter anti-competitive conduct, has passed its third and final reading in parliament.


Dunedin retailers now accept soft packaging 14th March 2022 /

Dunedin retailers now accept soft packaging

Dunedin residents can now recycle their soft plastic packaging at eight Countdown, New World and The Warehouse stores across Dunedin and Mosgiel.


The far-reaching powers of a new grocery regulator 11th March 2022 /

The far-reaching powers of a new grocery regulator

There are hopes a new market watchdog could apply significant pressure on the country’s supermarket duopoly to act fairly.


Grocery price hikes a worry for consumers 10th March 2022 /

Grocery price hikes a worry for consumers

Consumer New Zealand research has found 98% of people are worried about the rising price of groceries.


“We’ll commit to next steps” – Woolworths’ Sonn, FSNI’s Quin on ComCom report 9th March 2022 /

“We’ll commit to next steps” – Woolworths’ Sonn, FSNI’s Quin on ComCom report

The duopoly pledge to work with the government to implement the Commerce Commission’s final recommendations.


ComCom denies “bottling it” over supermarket split 8th March 2022 /

ComCom denies “bottling it” over supermarket split

Chair Anna Rawlings defends the report as “robust” and says it is up to the government to decide what to implement.


ComCom pushes fairer playing field for supermarket suppliers 8th March 2022 /

ComCom pushes fairer playing field for supermarket suppliers

Code of conduct, collective bargaining and disputes resolution scheme all recommended by Commerce Commission.


ComCom makes way for grocery challengers, stops short of radical shake-up 8th March 2022 /

ComCom makes way for grocery challengers, stops short of radical shake-up

The commission stepped back from measures like creating a new independent wholesaler.


Govt: We won’t rule out other options if change falters 8th March 2022 /

Govt: We won’t rule out other options if change falters

New Zealanders will soon benefit from a much more competitive grocery sector as a result of market study findings unveiled by the Commerce Commission, says the government.


ComCom: Formal regulation, more oversight, dispute resolution scheme for grocery sector 8th March 2022 /

ComCom: Formal regulation, more oversight, dispute resolution scheme for grocery sector

But its recommendations fall well short of the more radical options, such as asset divestment, explored in its draft report and inquiry hearing.


ComCom report: “We’ll turn left, or we’ll turn right” – Tex Edwards 7th March 2022 /

ComCom report: “We’ll turn left, or we’ll turn right” – Tex Edwards

The entrepreneur is hoping for a “table-thumping” final report on Tuesday, paving the way for a third major player in NZ’s $22bn grocery sector.


Perspectives: Will forcing the duopoly to sell assets hit NZ investment? 7th March 2022 /

Perspectives: Will forcing the duopoly to sell assets hit NZ investment?

Economist Cameron Bagrie rejects the argument that New Zealand’s credit rating could be hurt if the supermarket giants are forced to divest.


Watch: Are shoppers and suppliers being treated fairly by the duopoly? 28th February 2022

Watch: Are shoppers and suppliers being treated fairly by the duopoly?

TVNZ’s Sunday programme takes a look at the country’s supermarket duopoly and asks if Kiwis and suppliers should be getting a better deal.


Food and beverage sales recover in Q4 – Stats NZ 28th February 2022 /

Food and beverage sales recover in Q4 – Stats NZ

Food and beverage sales volumes rose 12% in the December quarter as businesses came out of lockdown.


Costco pencils in Auckland opening date – border dependent 9th February 2022 /

Costco pencils in Auckland opening date – border dependent

However, expansion beyond Auckland will depend on its NZ debut, says the global retailer.


Woolworths NZ pretax profit dips in first full year of Covid 9th December 2021 /

Woolworths NZ pretax profit dips in first full year of Covid

Falling sales and rising operational expenses eat into pretax profit, even as it made saving on the products it sells.


Woolworths recalls mistakenly released sugar 29th November 2021 /

Woolworths recalls mistakenly released sugar

Woolworths New Zealand is recalling Chelsea and Countdown branded raw sugar and brown sugar products bought on either Thursday 25 November or Friday 26 November from any Countdown, SuperValue or FreshChoice store in the South Island.


Foodstuffs, Countdown win property gongs 25th November 2021 /

Foodstuffs, Countdown win property gongs

Foodstuffs and Countdown have picked up awards at the Property Council New Zealand’s 2021 Rider Levett Bucknall Property Industry Awards.


Supermarkets swing behind vaccination 10th November 2021 /

Supermarkets swing behind vaccination

Foodstuffs supermarkets have teamed up with Canterbury District Health Board’s vaccination team to host community clinics.


And that’s a wrap – ComCom hearings close with final arguments 3rd November 2021 /

And that’s a wrap – ComCom hearings close with final arguments

The Commerce Commission consultation conference as part of its review of competition in the $22bn retail grocery sector has come to a close, providing participants one last chance to plead their cases.


ComCom hearing: Iwi-backed grocery challenger mooted as third player 2nd November 2021 /

ComCom hearing: Iwi-backed grocery challenger mooted as third player

Could an ‘iwi-mart’ challenge the Foodstuffs and Countdown duopoly?


ComCom hearing: “Vigorous, almost violent” reaction expected to grocery challenger 29th October 2021 /

ComCom hearing: “Vigorous, almost violent” reaction expected to grocery challenger

New entrants, existing players and would-be investors are all wary of the power wielded by the grocery duopoly, the Commerce Commission hears.


Lockdown drives Countdown, e-commerce Q1 sales surge 28th October 2021 /

Lockdown drives Countdown, e-commerce Q1 sales surge

Lockdown helped drive growth in the supermarket group’s Q1 results with e-commerce surging.


ComCom hearing: The problem with profit 28th October 2021 /

ComCom hearing: The problem with profit

Supermarket owners argue for a fresh calculation of profit refuting findings of excessive returns.


ComCom hearing: Private label harm vs help 27th October 2021 /

ComCom hearing: Private label harm vs help

FGC says NZ’s highly concentrated market means conflicts of interests are amplified but supermarket groups argue private labels are critical for budget consumers.


ComCom hearing: Specials used to “control suppliers” 26th October 2021 /

ComCom hearing: Specials used to “control suppliers”

Bloomsberry and Co founder Giles Barker says supermarkets use promotional pricing to control suppliers, rather than just to deliver value to consumers.


ComCom hearing: Tex comes to town 22nd October 2021 /

ComCom hearing: Tex comes to town

Tex Edwards makes his case for a break-up of the duopoly, which he says controls all the vital infrastructure in the sector.


Receivers close the books on Nosh Group – how much did it finally owe? 19th October 2021 /

Receivers close the books on Nosh Group – how much did it finally owe?

More than four years after premium supermarket chain Nosh went under, the receivers have published their final report.


Supermarket groups swing in behind Super Saturday’s Vaxathon 15th October 2021 /

Supermarket groups swing in behind Super Saturday’s Vaxathon

Countdown and Foodstuffs are supporting Super Saturday’s Vaxathon to help drive up the country’s vaccination rate.


“We are not the third player” – Four Candles’ MD on new grocery banner’s plans 14th October 2021 /

“We are not the third player” – Four Candles’ MD on new grocery banner’s plans

More stores? Yes. Smashing NZ’s supermarket duopoly? Not us, says the new entrant’s co-founder, Chris Fisher.


Food sector groups secure approval for rapid antigen tests 14th October 2021 /

Food sector groups secure approval for rapid antigen tests

Foodstuffs North Island, Countdown and Mainfreight are among more than 25 companies who have received the green light to introduce rapid antigen testing this month.


New premium grocer opens doors 11th October 2021 /

New premium grocer opens doors

Four Candles Food Market opened its Auckland store at 10 Constellation Drive, North Shore, over the weekend.


Govt meets business leaders over workplace rapid Covid testing 8th October 2021 /

Govt meets business leaders over workplace rapid Covid testing

The government is meeting business leaders today to discuss a rollout of rapid antigen tests to help keep workplaces safe.


More supermarkets join locations of interest 8th October 2021 /

More supermarkets join locations of interest

Dozens of grocery and supermarket stores have been listed this week as locations of interest in connection with the Delta outbreak in Auckland and Waikato.


Speirs Foods trading profit wilts 74% under Covid 5th October 2021 /

Speirs Foods trading profit wilts 74% under Covid

Lockdowns, lower demand for bulk products, and labour costs all eat into the supermarket salad supplier’s bottom line.


Waikato supermarkets scramble in snap lockdown 4th October 2021 /

Waikato supermarkets scramble in snap lockdown

Stores have reduced hours and shifted to level 3 protocols after parts of the region entered lockdown overnight.


Dairies, service stations another way for cheaper groceries 29th September 2021

Dairies, service stations another way for cheaper groceries

New Zealand’s 4,000-plus owner-operated dairies and service stations are a way for both cheaper groceries, says the Dairy and Business Owners Group.


Consumers support split up of supermarket duopoly – survey 23rd September 2021 /

Consumers support split up of supermarket duopoly – survey

An overwhelming majority of consumers believe they pay too much for goods at supermarkets and the current duopoly should be split up, according to a survey commissioned by lobby group Monopoly Watch NZ.


Private labels add to grocery power imbalance – report 20th September 2021 /

Private labels add to grocery power imbalance – report

Private labels do more harm than good for both suppliers and consumers in highly concentrated markets, according to research commissioned by the NZFGC.


Food retailers added to locations of interests 20th September 2021 /

Food retailers added to locations of interests

Additional Auckland supermarkets, dairies and petrol stations have been added as locations of interest in connection with the Delta outbreak in Auckland.


Suppliers like Pic Picot welcome supermarket grocery code pledge but ‘devil in the detail’ 16th September 2021 /

Suppliers like Pic Picot welcome supermarket grocery code pledge but ‘devil in the detail’

Food firms want wide stakeholder buy-in to a code that provides a framework for behaviour and confidence for investment decisions.


New supermarket locations of interest 14th September 2021 /

New supermarket locations of interest

The latest update to Delta locations of interest in Auckland sees more supermarkets added to the Ministry of Health’s list.


Farro among food retailers added to locations of interest 13th September 2021 /

Farro among food retailers added to locations of interest

A swathe of supermarkets including Farro Mt Eden have been added to the Ministry of Health’s locations of interest in Auckland.


MOH adds around 40 supermarkets to locations of interest 2nd September 2021 /

MOH adds around 40 supermarkets to locations of interest

Around 40 supermarkets have been added to the Ministry of Health’s list of locations of interest in connection with the current Delta outbreak.


Union urges centralised bargaining in ComCom grocery submission 1st September 2021 /

Union urges centralised bargaining in ComCom grocery submission

First Union has highlighted centralised wage bargaining “as a key tool to constrain excess supermarket profitability and secure decent work for everyone in the supply chain,” in its submission to the Commerce Commission’s market study into the grocery sector.


Countdown sales stutter in 2021 after lockdown boom 30th August 2021 /

Countdown sales stutter in 2021 after lockdown boom

Revenue was down 6% in FY21, although online sales jumped more than 30%.


PM: Govt in “really close contact” with supermarkets over lockdown challenges 30th August 2021 /

PM: Govt in “really close contact” with supermarkets over lockdown challenges

The government is in “really close contact” with the country’s supermarkets to support them through lockdown challenges, says PM Jacinda Ardern.


More supermarkets join Covid locations of interest 25th August 2021 /

More supermarkets join Covid locations of interest

Four supermarkets have been added this morning to the list of locations of interest connected to the Delta outbreak.


Outbreak puts 1000+ Countdown staff in isolation, more expected 24th August 2021 /

Outbreak puts 1000+ Countdown staff in isolation, more expected

The supermarket group expects the number of staff affected to keep rising as locations of interest and close contact lists grow.


Supermarkets scramble as stores shut, staff isolate, and demand booms 23rd August 2021 /

Supermarkets scramble as stores shut, staff isolate, and demand booms

Dozens of stores have been affected with staff being relocated to cope with demand and to try and plug gaps caused by the Delta outbreak.


Masks become mandatory in supermarkets but enforcement policies differ 19th August 2021 /

Masks become mandatory in supermarkets but enforcement policies differ

Foodstuffs is running a ‘no mask, no entry’ policy, whereas Countdown plans to avoid any potential conflict.


Restaurants, cafes, bars and liquor stores – locations of interest balloon across Auckland 19th August 2021 /

Restaurants, cafes, bars and liquor stores – locations of interest balloon across Auckland

Supermarkets, restaurants, bars, and liquor stores are among dozens of locations visited by current Covid cases.


Supermarket worker vaccination plan in pipeline 19th August 2021 /

Supermarket worker vaccination plan in pipeline

The government is today expected to provide details on a move to bump supermarket workers up the vaccination priority list which would see jabs being given on-site.


“Keep calm, be kind” – Countdown to shoppers rushing supermarkets 17th August 2021 /

“Keep calm, be kind” – Countdown to shoppers rushing supermarkets

“Keep calm, be kind,” says Countdown, as stores are inundated across the city.


Foodstuffs’ Covid FY21 results – how much money did it make? 2nd August 2021 /

Foodstuffs’ Covid FY21 results – how much money did it make?

So, how much money did the largest supermarket group in NZ make in the year of Covid?


We’re not that profitable – supermarkets respond to ComCom draft report 30th July 2021 /

We’re not that profitable – supermarkets respond to ComCom draft report

Foodstuffs disagrees with the Commerce Commission’s estimates of its profitability.


ComCom: Supermarket shake-up needed 29th July 2021 /

ComCom: Supermarket shake-up needed

A third major player could be introduced to compete with Foodstuffs and Countdown, according to the strongest draft report recommendation.


Kiwis will flock to a new supermarket brand – expert 29th July 2021 /

Kiwis will flock to a new supermarket brand – expert

The introduction of a new, lower priced competitor into the grocery market would see shoppers abandon stalwarts Countdown and Foodstuffs in droves, according to one industry expert.


ComCom: Grocery duopoly not working for suppliers or consumers 29th July 2021 /

ComCom: Grocery duopoly not working for suppliers or consumers

The Commerce Commission backs a mandatory industry code of conduct and allowing suppliers to bargain collectively with supermarkets.


ComCom preparing to release draft grocery sector report 19th July 2021 /

ComCom preparing to release draft grocery sector report

A draft report as part of a year-long review of NZ’s highly concentrated grocery sector will be made public next Thursday morning.


Farro Fresh expands IRL and online 9th July 2021 /

Farro Fresh expands IRL and online

The speciality grocer has inked a deal that will see it open its seventh Auckland store, and is close to signing on another.


Australian supermarkets ‘red flagged’ in new food dashboard 17th June 2021

Australian supermarkets ‘red flagged’ in new food dashboard

Australia’s major supermarkets have been ‘red flagged’ by a new food tool which shows them offering bigger discounts on unhealthy foods more often and more prominently.


Brewers band together for 2021 fresh hop beers run 15th April 2021 /

Brewers band together for 2021 fresh hop beers run

Eight of New Zealand’s top breweries are selling a limited edition range of beers brewed using freshly-picked hops.


ComCom seeks feedback on grocery market study submissions 6th April 2021 /

ComCom seeks feedback on grocery market study submissions

The Commerce Commission is seeking feedback on submissions received in response to its Preliminary Issues paper on its grocery sector market study.


City Mission opens new social supermarket 18th March 2021 /

City Mission opens new social supermarket

The new initiative enabled customers who needed food support to choose their own goods, as opposed to the traditional pre-selected food parcel model.


ComCom seeks supplier feedback on supermarket study 4th March 2021 /

ComCom seeks supplier feedback on supermarket study

The year-long study looks at whether competition in the grocery sector was working well, and if not, what could be done to improve it.


Significant evidence of exploitation of food producers – NZFGC 1st March 2021 /

Significant evidence of exploitation of food producers – NZFGC

In its submission to ComCom, the NZFGC says there is also considerable use of buyer power to exclude competition.


Grocery sector probe timeline questioned by MBIE 16th December 2020 /

Grocery sector probe timeline questioned by MBIE

The ministry warns that ComCom’s market study of supermarkets is likely to take longer than a year.


Govt launches review into NZ supermarket prices 18th November 2020 /

Govt launches review into NZ supermarket prices

The Commerce Commission will conduct the investigation to see if Kiwis are paying more than they should be.


Pak’nSave store fined $78k for misleading prices 29th October 2020 /

Pak’nSave store fined $78k for misleading prices

There were discrepancies between what the store was advertising, and what customers were paying at the till.