They say profit levels are unacceptable at a time when many factors are causing price rises.
Consumer NZ also says the current duopoly is so entrenched that other potential operators are unable to break into the market to provide serious competition. But Edwards disagrees, saying current competitors are all boutique operators and don't provide the scale needed to impact on pricing. How this plays out from here is now in the hands of consumers. His view is that the number of supermarket properties isn't a problem, it's the fact they are nearly all owned by just two players. An alternative suggestion is for the Government to set up its own wholesale supplier. Both operators refute this point, saying their profits are not excessive and point out that the report also said profit margins were in line with other global retailers.
Consumer NZ chief Jon Duffy said they wanted to create conditions for more competition in the grocery sector, which will ultimately result in fairer prices at ...
But the duopoly dominates access to wholesale supply." That is why we're launching a petition." "We're not disputing this, but excess profits on top of already high food prices are a slap in the face for households struggling to put food on the table." "We recognise that food prices are going up for a variety of reasons - from the pandemic, to inflation, to the impact of the war in Ukraine on wheat prices. - Inflation Nation: Why the cost of living is rising ... Consumer NZ has started a petition calling on the Government to put ordinary people first - saying supermarkets' excess profits are a "slap in the face" to Kiwis struggling to put food on the table.
Kiwis are paying an extra $1000 a year for their groceries because of excess supermarket profits.
Consumer NZ has launched a petition calling on the government to do more to reduce the power of supermarkets and give New Zealanders a fairer price at the ...
"I have not ruled out going further than the Commerce Commission's recommendations" - Commerce and Consumer Affairs Minister David Clark We pay suppliers 63c in the dollar, and in New Zealand, 15 percent is added on top of all food." "I have not ruled out going further than the Commerce Commission's recommendations" - Commerce and Consumer Affairs Minister David Clark duration 2:58 "We are dealing with essential services here. Commerce and Consumer Affairs Minister David Clark said he had not ruled out going further than the Commerce Commission's recommendations. In a petition to Consumer Affairs Minister David Clark, it asked the government to go beyond the Commerce Commission's recommendations and set up a state-owned wholesaler or provide an access regime to smaller chains and new entrants.
Chair of the Commerce Commission Anna Rawlings says splitting the major supermarkets businesses would be too complex. Excess supermarket profits are “a slap in ...
Last year, 63% of respondents picked food and grocery costs as their biggest cost-of-living concern. “We’re not disputing this, but excess profits on top of already high food prices are a slap in the face for households struggling to put food on the table.” Excess supermarket profits are “a slap in the face” for struggling households and more must be done to ensure New Zealanders pay a fair price at the checkout, Consumer NZ says.
Consumer NZ has launched a petition , asking Minister David Clark to put consumers first and go beyond the Commerce Commission's grocery market study ...
We’re not disputing this, but excess profits on top of already high food prices are a slap in the face for households struggling to put food on the table.” Consumer’s Sentiment Tracker has found that people are increasingly worried about the cost of living. “The Commerce Commission has recommended the supermarkets consider supplying other retailers.
"It is well known, and the finding by the Commerce Commission in its recent investigation into the retail grocery sector, that we have a duopoly who are ...
In fact, we’ve had in depth discussions with Consumer NZ as to why and how this could be a solution so we’re excited to see Consumer NZ promoting it." "We believe a state-owned wholesaler is a massive first step in bringing meaningful competition to the duopolised market. "We’re incredibly grateful for the support we’ve received since we launched in June last year. Our goal is when healthy food is affordable and accessible for all Kiwis." Supie has grown to 22,000 members since June last year. The duopoly are operating in their self-interests, rather than the interests of ordinary, everyday Kiwis." Says Sarah.
Consumer NZ has launched a petition, asking Minister David Clark to put consumers first and go beyond the Commerce Commission's grocery market study ...
We’re not disputing this, but excess profits on top of already high food prices are a slap in the face for households struggling to put food on the table.” That is why we’re launching a petition.” “The Commerce Commission has recommended the supermarkets consider supplying other retailers.
The consumer watchdog launched the petition to help bring down massive supermarket profits on Tuesday.
Consumers could end up worse off with higher prices and less choice if the government tries to free up the wholesale grocery sector, according to an ...
Meade said the Commerce Commission's recommendations to prevent land banking by the two established operators and to make more land available for new grocery stores by removing planning restrictions were balanced and could be useful. Consumer New Zealand has started a petition to get the government to set up a state-owned wholesaler or ensure access to smaller chains and new entrants as one option to improve competition in the grocery sector. Consumers could end up worse off with higher prices and less choice if the government tries to free up the wholesale grocery sector, according to an academic.
The Government is coming under increasing pressure to rein in the supermarket operators - with Consumer NZ launching a public petition.