Retail

Supermarket split: chains could be forced to sell stores

Rebecca Howard
Thu, 29 Jul 2021

The Commerce Commission could support bringing in a new entrant to compete against the supermarket duopoly. (Image: Deposit Photos)

Rebecca Howard
Thu, 29 Jul 2021

The Commerce Commission’s draft report into competition in the retail grocery sector has found that competition “is not working well for consumers" and the market needs new entrants. “Our preliminary view is that the core problem is the structure of the market,” said commission chair Anna Rawlings.“In competitive terms, the major retailers, Woolworths NZ and Foodstuffs, are a duopoly, and while there is an increasingly diverse fringe of other grocery retailers, they have a limited impact on competition,&r...

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Supermarket split: chains could be forced to sell stores

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