Foodstuffs is willing to change – but not its profit

Foodstuffs North Island said its relationship with suppliers was generally healthy. (Photo: Deposit Photos)

Tue, 14 Sep 2021

Foodstuffs North Island is “accepting the challenge” to do better for New Zealand consumers, while disputing some of the key findings of the Commerce Commission’s draft report on its market study on the retail grocery sector.The commission published the draft report of its market study in late July, and found a lack of competition between NZ’s two largest grocery chains – the Foodstuffs cooperatives and Woolworths-owned Countdown – was creating barriers to new entrants, high grocery prices for consumers...

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