Countdown average food prices up by 9.5% year on year

Countdown average food prices up by 9.5% year on year
E-commerce sales declined as customers returned to in-store shopping. (Image: Countdown)
Ella Somers
A combination of issues caused by Cyclone Gabrielle and ongoing supply struggles ate into Countdown’s profits from its third quarter – but sales still went up 8.5%.In a third-quarter sales update, Australian grocery retailer Woolworths told the Australian Securities Exchange (ASX) that momentum in its New Zealand sales segment had “continued to improve”.“However, item growth was impacted by ongoing supply chain challenges, particularly the impact of Cyclone Gabrielle,” Woolworths Group chief executive Brad Ba...

More Retail

Foodstuffs South Island ‘merger costs’ bill rises
Retail

Foodstuffs South Island ‘merger costs’ bill rises

More than $11 million has been spent so far on ‘merger-related costs’.

Gregor Thompson 03 Jul 2025
Foodstuffs NI warned by ComCom over supplier treatment
Retail

Foodstuffs NI warned by ComCom over supplier treatment

It obstructed a supplier request, says Grocery Commissioner.

Staff reporters 02 Jul 2025
Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.

Gregor Thompson 02 Jul 2025
Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025