Food price inflation boosts $3.4b sales for Foodstuffs South Island

Food price inflation boosts $3.4b sales for Foodstuffs South Island
Foodstuffs South Island's $3.4b in sales were driven primarily by food price inflation. (Image: Foodstuffs)
Ella Somers
Food price inflation might be pinching consumers where it hurts but it helped bolster Foodstuffs South Island’s latest financial result.In the co-op’s 2023 annual report published on Tuesday, chair Russell Mckenzie said annual sales for the co-op increased 6.9% to $3.41 billion.This was driven primarily by food price inflation, he said.The return of domestic and international tourism to key markets in the second half of the co-op’s financial year also helped Foodstuffs South Island deliver a “solid” performanc...

More Retail

You can make ChatGPT your personal shopper
Retail

You can make ChatGPT your personal shopper

While you’ll need to fact-check the chatbot, it’s useful for comparing prices.

Macpac NZ profits drop 71% as softer sales hit margins
Retail

Macpac NZ profits drop 71% as softer sales hit margins

The sales drop in New Zealand was larger than Kathmandu's.

Gregor Thompson 17 Oct 2025
E-commerce deal website GrabOne ceases trading
Retail

E-commerce deal website GrabOne ceases trading

E-commerce deal website GrabOne has ceased trading after its owner went into liquidation on Thursday.Daniel Stoneman and Neale Jackson of Calibre Partners were appointed liquidators of Global Marketplace New Zealand Limited, which operates the GrabOne business in NZ.GrabOne’s web...

Staff reporters 16 Oct 2025
Trade Me payment changes anger professional sellers
Retail

Trade Me payment changes anger professional sellers

The move has sparked anger and complaints.

Andy Macdonald 15 Oct 2025