High prices low competition Grocery report paints concerning picture of industry Stuffconz

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The Commerce Commission has released its first Annual Grocery Report, painting a “concerning picture” of the industry. • The report found there were increasing retail margins, continued high levels of profitability, and ongoing dominance of the industry by the major supermarkets Foodstuffs North Island, Foodstuffs South Island, and Woolworths NZ. Natasha Payne has more. | Subscribe: https://bit.ly/2JPg8oB • • Read more: • For full coverage visit www.Stuff.co.nz • Subscribe to our channel: https://bit.ly/2JPg8oB • ----------------------------------------------------------------------------------------------------- • Stuff is New Zealand's largest and most popular news site. • With more than 500 journalists spread from Northland to Southland, we cover breaking news, politics, business, sport, crime, the environment, health, education, home and property, food, lifestyle, entertainment, weather, travel, technology, motoring, farming and much more. • As well as covering the stories of the day, we specialise in investigative journalism, opinion and analysis, and long-form writing and visual storytelling. • ----------------------------------------------------------------------------------------------------- • Social media channels: • TikTok: / nzstuff • Twitter: / nzstuff

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