Are supermarkets devils or angels? ComCom asked to decide

Are New Zealanders confused, befuddled shoppers or happy, savvy bargain-hunters? (Image: Deposit Photos)

Fri, 22 Oct 2021

Dominant supermarkets were accused of turning the screws on both customers and their suppliers in the second day of the Commerce Commission’s public hearings on supermarket competition today.Several allegations were made about predatory and misleading behaviour. The supermarkets rejected these, saying if half of the accusations were true, they would be breaches of current laws such as the Fair Trading Act.Today’s sessions focused on whether promotional pricing, such as specials, and regulated standardised unit pricing should be the...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

John Anthony 12:00pm

The Quiz Free

QuiznessDesk, Friday, June 27

Can you beat the Quizmaster?

The Quizmaster 9:15am

Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 5:00am

Monthly CPI tech takes Stats NZ into the future

Sponsored

Why corporate giving matters

Dave Letele and Z provide support where urgent need is overlooked.

Z Energy

Sponsored

New Zealand’s AI imperatives: Transparency and the human touch

Hard-hitting report warns uncertainty could block progress.

One NZ

More Retail

Retail

Consumer confidence ticks up in June

The ANZ-Roy Morgan Consumer Confidence index lifted 6 points to 98.8 in June.The future conditions index – made up of forward-looking questions – rose 8 points to 104.8, recovering last month’s fall. The current conditions index rose 3 points to 89.8.Perceptions of current person...

Staff reporters 10:30am