Are supermarkets devils or angels? ComCom asked to decide

Are supermarkets devils or angels? ComCom asked to decide
Are New Zealanders confused, befuddled shoppers or happy, savvy bargain-hunters? (Image: Deposit Photos)
Ian Llewellyn
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...

More Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025
Retail card spending climbs for third month
Retail

Retail card spending climbs for third month

The total amount spent using electronic cards was $9.3 billion.

Chido Machingura 12 Sep 2025
Briscoe Group half-year splits analysts
Retail

Briscoe Group half-year splits analysts

Forsyth Barr says the stock is “quality but expensive”.

Gregor Thompson 12 Sep 2025
Pita Pit owners refresh brand stable, plan 50 Roll’d stores
Retail

Pita Pit owners refresh brand stable, plan 50 Roll’d stores

Chris Henderson says Mammoth Brands wants 50 Roll'd stores.

Gregor Thompson 11 Sep 2025