Chris Lynch: Grocery report paints “concerning picture”

The Commerce Commission is pushing for increased regulatory powers to improve competition in New Zealand’s $25 billion grocery sector, following the release of its first Annual Grocery Report.

The report painted a “concerning picture” of the market, with high profitability, increasing retail margins, and dominance by the major supermarkets—Foodstuffs North Island, Foodstuffs South Island, and Woolworths NZ.