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

Piercing chain SkinKandy making its mark in Kiwi malls
Retail

Piercing chain SkinKandy making its mark in Kiwi malls

The Australian piercing chain plans to have opened 10 NZ stores by December.

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