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Supermarkets say price comparisons difficult

The Commerce Commission began the fourth day of its market study conference into the $22 billion grocery industry looking at the best way to compare prices in New Zealand with those overseas. Representatives for Countdown and Foodstuffs questioned the value of international comparisons as an indicator of competition. Josh Gluckman, strategy director for Countdown owner Woolworths NZ, said different seasonal conditions, freight, labour and electricity costs, and tax rates across international markets all made accurate calculations difficult. Because of this, competition authorities in the UK and Australia had not placed any real weight on them as part of their own analysis, he said.

Business

en-nz

2021-10-28T07:00:00.0000000Z

2021-10-28T07:00:00.0000000Z

https://fairfaxmedia.pressreader.com/article/281728387729689

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