26th October 2021 ComCom / Supermarkets
Bloomsberry and Co founder Giles Barker says supermarkets use promotional pricing to control suppliers, rather than just to deliver value to consumers.
Tex Edwards makes his case for a break-up of the duopoly, which he says controls all the vital infrastructure in the sector.
More than four years after premium supermarket chain Nosh went under, the receivers have published their final report.
Countdown and Foodstuffs are supporting Super Saturday’s Vaxathon to help drive up the country’s vaccination rate.
More stores? Yes. Smashing NZ’s supermarket duopoly? Not us, says the new entrant’s co-founder, Chris Fisher.
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.
Four Candles Food Market opened its Auckland store at 10 Constellation Drive, North Shore, over the weekend.
The government is meeting business leaders today to discuss a rollout of rapid antigen tests to help keep workplaces safe.
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.
Lockdowns, lower demand for bulk products, and labour costs all eat into the supermarket salad supplier’s bottom line.
Stores have reduced hours and shifted to level 3 protocols after parts of the region entered lockdown overnight.
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.
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 do more harm than good for both suppliers and consumers in highly concentrated markets, according to research commissioned by the NZFGC.
Additional Auckland supermarkets, dairies and petrol stations have been added as locations of interest in connection with the Delta outbreak in Auckland.
Food firms want wide stakeholder buy-in to a code that provides a framework for behaviour and confidence for investment decisions.
The latest update to Delta locations of interest in Auckland sees more supermarkets added to the Ministry of Health’s list.
A swathe of supermarkets including Farro Mt Eden have been added to the Ministry of Health’s locations of interest in Auckland.
Around 40 supermarkets have been added to the Ministry of Health’s list of locations of interest in connection with the current Delta outbreak.
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.
Revenue was down 6% in FY21, although online sales jumped more than 30%.
The government is in “really close contact” with the country’s supermarkets to support them through lockdown challenges, says PM Jacinda Ardern.
Four supermarkets have been added this morning to the list of locations of interest connected to the Delta outbreak.
The supermarket group expects the number of staff affected to keep rising as locations of interest and close contact lists grow.
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.
Foodstuffs is running a ‘no mask, no entry’ policy, whereas Countdown plans to avoid any potential conflict.
Supermarkets, restaurants, bars, and liquor stores are among dozens of locations visited by current Covid cases.
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,” says Countdown, as stores are inundated across the city.
So, how much money did the largest supermarket group in NZ make in the year of Covid?
Foodstuffs disagrees with the Commerce Commission’s estimates of its profitability.
A third major player could be introduced to compete with Foodstuffs and Countdown, according to the strongest draft report recommendation.
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.
The Commerce Commission backs a mandatory industry code of conduct and allowing suppliers to bargain collectively with supermarkets.
A draft report as part of a year-long review of NZ’s highly concentrated grocery sector will be made public next Thursday morning.
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.