Willis homes in on grocery and power prices

Willis homes in on grocery and power prices
Finance Minister Nicola Willis. (Image: NZME)
Pattrick Smellie
Supermarkets and electricity suppliers are on notice that the Government will more aggressively pursue competition in their sectors.At a speech to Waikato University’s annual New Zealand Economics Forum, Finance Minister Nicola Willis singled out the two high-profile sources of friction over high prices.“While many super-sized businesses have flourished, in too many cases the Kiwis they sell to have experienced higher prices, fewer choices and a worse deal all round,” Willis said.“In my view, lawmakers and regulators hav...

More Retail

JB Hi-Fi beats odds with big-ticket retail growth
Retail

JB Hi-Fi beats odds with big-ticket retail growth

JB Hi-Fi has reported strong growth in big-ticket item sales in the first half of the financial year, bucking the trend seen across the retail industry in New Zealand.The brand’s NZ division reported total revenue growth of 20% to $202.5 million, up from $168.7m in the first half...

Staff reporters 10 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025
SPQR liquidators looking to sell trademark
Retail

SPQR liquidators looking to sell trademark

The well-known Ponsonby restaurant failed last July.

Oliver Lewis 04 Feb 2025
Woolworths names new NZ managing director
Retail

Woolworths names new NZ managing director

Sally Copland is crossing the Ditch to take over as managing director of Woolworths New Zealand. Copland has worked for the Australian-based grocery group for more than 18 years and has formerly held senior positions in NZ, including as interim managing director.In the announceme...

Staff reporters 04 Feb 2025