Grocery sector set for regulatory shake-up after inaugural Commerce Commission report

Grocery commissioner Pierre van Heerden said the inaugural Annual Grocery Report painted a “concerning picture”. (Image: Mark Mitchell)

Gregor Thompson

Wed, 04 Sep 2024

The Commerce Commission is preparing to take decisive action following the release of its inaugural Annual Grocery Report. Grocery commissioner Pierre van Heerden said the report, released Wednesday, painted a “concerning picture” and expressed alarm over the report’s findings. The report showed rising retail margins, sustained high profitability and continued dominance by the industry’s giants: Foodstuffs North Island, Foodstuffs South Island, and Woolworths NZ. Van Heerden said those conditions undersco...

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