'Predatory pricing': Govt targets supermarket market power

'Predatory pricing': Govt targets supermarket market power
Economic Growth Minister Nicola Willis. (Image: NZME)
Gregor Thompson
The Government announced a series of measures to remove barriers for new or expanding supermarkets, including cracking down on "predatory pricing," Economic Growth Minister Nicola Willis says. It will amend the Commerce Act, introducing an objective economic test for prosecuting firms that misuse their market power to exclude or stamp out competitors, she said.Willis said the legislative amendment would apply to all industries but only to companies that held significant market power within them."Predatory pricing happens whe...

More Retail

Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025
Gourmet ice cream company out of flavour as sales melt
Retail

Gourmet ice cream company out of flavour as sales melt

Domestic sales, mainly to NZ supermarkets, plummeted by 94.65%.

Denise McNabb 06 Oct 2025
Warehouse chief says layoffs on table amid profitability dearth
Retail

Warehouse chief says layoffs on table amid profitability dearth

Margin pressure is compounding analyst concerns that cuts can only cut so deep.  

Gregor Thompson 03 Oct 2025
Retail outlook 'tough and unpredictable': Warehouse Group
Retail

Retail outlook 'tough and unpredictable': Warehouse Group

The group's operating earnings dropped from $28.9 million to $1.3m.

Gregor Thompson 02 Oct 2025