Countdown average food prices up by 9.5% year on year

E-commerce sales declined as customers returned to in-store shopping. (Image: Countdown)

Tue, 02 May 2023

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...

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