Foodstuffs settles land covenants case

Foodstuffs settles land covenants case
Foodstuffs operates Pak'nSave, New World and Four Square stores, among others. (Image: Myjanne Jensen)
Gregor Thompson
The Commerce Commission says it has settled proceedings with Foodstuffs North Island, after alleging the supermarket operator blocked competitors from opening rival stores.ComCom said on Wednesday the co-operative lodged land covenants to block "competitors from opening rival supermarkets at particular sites and developing existing ones at several locations across the lower North Island”.According to Foodstuffs North Island, which operates Pak'nSave, New World and Four Square stores, the settlement related to actions taken before...

More Retail

ComCom still concerned at loss of competition from Foodstuffs merger
Retail

ComCom still concerned at loss of competition from Foodstuffs merger

The regulator is seeking submissions on unresolved issues with the proposed merger.

Staff reporters 16 Jul 2024
June card spending data bleak, says economist
Retail

June card spending data bleak, says economist

Retail spending fell a seasonally adjusted 0.6% in a month to $6.4 billion.

Gregor Thompson 12 Jul 2024
Warehouse Group to cut jobs at its head office
Retail

Warehouse Group to cut jobs at its head office

The company had already indicated last month that it was looking to trim staffing.

Gregor Thompson 12 Jul 2024
Me Today China licensee sells $5.3m of stock in two days
Retail

Me Today China licensee sells $5.3m of stock in two days

It's more than triple the revenue the Me Today brand made in the six months to Dec 31.

Gregor Thompson 11 Jul 2024