Supermarket Excess Profit Petition

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#2912427 10-May-2022 17:03

I generally expect Farro to be the most expensive, and most pleasant customer experience, and PaknSave to be cheapest and must unpleasant CEX, for local supermarkets.

However certain items often buck this trend - in particular fresh produce is often fresher and cheaper at Farro. OTOH meat and seafood are eye wateringly expensive there.

Can only tell by checking online before shopping.

rugrat

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#2912443 10-May-2022 18:04

I just started shopping pak&sav, from savings shown grocer applic. Not having a good run with them compared to Countdown.

They seem to be out of stock of a lot a stuff I buy, where as Countdown has plenty. I.e went to buy "tomorrow’s meals", Countdown freezer is full of them, Pak & SAV, only one packet in their one. Plenty of McCairns stuff, but I find the tomorrow meals one way nicer in taste.

Did save $6 at Pak&Sav, on packet rechargeable batteries compared to Countdown.

Not fussed on day shop, so will try different days to see if others are better, but at the moment Pak&Sav saves money, but very pot luck on them having stocks of some things which makes it very inconvenient.

Super Value shut down by me over 5 years ago, a New World was suppose to be built in it’s place. Five years plus later land is still vacant, very disappointed.

No supermarket competition nearby , if there was believe it would’ve been built by now.They hold onto the land blocking others!

Don’t think a petition will change anything.

mattwnz

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#2912444 10-May-2022 18:08

One of the big problems in NZ with food is often the big differences in price between stores. To use my cheese example, $11 if the price one brand of supermarket is selling it at, and $17.90 is the price that their other brand, albeit down to $14.90 on a special, and it is the identical brand of cheese. That difference in margin is massive on a single product. Supermarkets are supposed to be low margin, high quantity places. The other problem is that small towns often have little choice of where they shop unless they drive a large distance, and that then adds to the carbon miles. So often the smaller higher priced brands of supermarket in those areas, and each product purchased usually costs more. Where back when we had 3 supermarkets, you could actually use coupons to get the same deals as at the cheaper supermarkets. They do this in the UK where they have competition between a large number of different supermarkets.

tdgeek

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#2912447 10-May-2022 18:12

Im not disagreeing but the UK has 75 million people, we have half the population of greater Los Angeles, but spread out like the UK

mattwnz

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#2912459 10-May-2022 18:59

johno1234:

mattwnz:

Surprised there are only 27,000 people who have signed it, considering it got TV coverage last night.

I think that most people understand that petitions allow venting of frustration but otherwise have zero effect.

When Consumer NZ latch onto something, they do tend to get better results. But I do wonder why it has taken until now to really do anything. John Campbell on Campbell live was highlighting the food price problems a decade ago, when doing regular comparisons with Oz and the UK, and it seems to have only gotten worse since then. I remember UK food prices used to be quite a lot higher then NZs, now it is often the opposite.

gzt

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#2912461 10-May-2022 19:04

gzt:
kobiak: , warehouse started selling groceries, how much more competition there should be to the addition of woolworths and foodstuff?

As I recall The Warehouse complained they could not get the same pricing as those two wholesalers provide to their associated retail arms.

Substantial customer There's a reason the comcom recommended equal access to wholesalers as a staring point.

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Geektastic

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#2912500 10-May-2022 22:00

johno1234:

I generally expect Farro to be the most expensive, and most pleasant customer experience, and PaknSave to be cheapest and must unpleasant CEX, for local supermarkets.

However certain items often buck this trend - in particular fresh produce is often fresher and cheaper at Farro. OTOH meat and seafood are eye wateringly expensive there.

Can only tell by checking online before shopping.

Sadly no Farro down here. We do have Moore Wilson, which is closer to what I expect a supermarket to look like but still has a way to go.

Speedy885

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#2912501 10-May-2022 22:00

ezbee:

There is also something that needs to be done with regards to supply contracts.
The power the Duopoly has also backed suppliers into oppressive contracts.

Its ok if you are big global player, but the NZ growers etc have indicated major issues since we dropped from 3 to 2 players.

Hit the nail on the head. Much like what Fonterra did/do when smaller Dairy Companies want to put their products into Supermarkets. As a big F-U, they threaten the Stores that they will pull their Product out if the Store is going to stock smaller Companies products. All comes down to GREED.

Geektastic

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#2912503 10-May-2022 22:03

mattwnz:

One of the big problems in NZ with food is often the big differences in price between stores. To use my cheese example, $11 if the price one brand of supermarket is selling it at, and $17.90 is the price that their other brand, albeit down to $14.90 on a special, and it is the identical brand of cheese. That difference in margin is massive on a single product. Supermarkets are supposed to be low margin, high quantity places. The other problem is that small towns often have little choice of where they shop unless they drive a large distance, and that then adds to the carbon miles. So often the smaller higher priced brands of supermarket in those areas, and each product purchased usually costs more. Where back when we had 3 supermarkets, you could actually use coupons to get the same deals as at the cheaper supermarkets. They do this in the UK where they have competition between a large number of different supermarkets.

They also have Ocado which is a dedicated online supermarket with delivery only services and no actual shops at all...

Given how many stories of hopeless courier services there are on GZ I dread to think how that would work here!

Speedy885

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#2912507 10-May-2022 22:26

Geektastic:
mattwnz:

One of the big problems in NZ with food is often the big differences in price between stores. To use my cheese example, $11 if the price one brand of supermarket is selling it at, and $17.90 is the price that their other brand, albeit down to $14.90 on a special, and it is the identical brand of cheese. That difference in margin is massive on a single product. Supermarkets are supposed to be low margin, high quantity places. The other problem is that small towns often have little choice of where they shop unless they drive a large distance, and that then adds to the carbon miles. So often the smaller higher priced brands of supermarket in those areas, and each product purchased usually costs more. Where back when we had 3 supermarkets, you could actually use coupons to get the same deals as at the cheaper supermarkets. They do this in the UK where they have competition between a large number of different supermarkets.

They also have Ocado which is a dedicated online supermarket with delivery only services and no actual shops at all...

Given how many stories of hopeless courier services there are on GZ I dread to think how that would work here!

Apologies for butting in here but interesting you mention "Online Supermarkets". Isn't this essentially what Hello Fresh and My Food Bag etc are? Does anyone who who their suppliers are and where they are sourcing the goods?

rugrat

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#2912513 11-May-2022 01:24

Speedy885:

Apologies for butting in here but interesting you mention "Online Supermarkets". Isn't this essentially what Hello Fresh and My Food Bag etc are? Does anyone who who their suppliers are and where they are sourcing the goods?

‘Think they are mainly set menus for the week (so very limited choice), deliver only one day of week, and if buy the individual ingredients from supermarkets will work out a hell of a lot cheaper then Hello Fresh etc work out to.

Also they won’t supply non food items, so don’t compare to a supermarket at all.

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djtOtago

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#2912542 11-May-2022 08:46

@Speedy885 question was more about who supplies the likes of My food bag and Hello fresh, not if they can compete on price.

They have a lot of fresh vegetables, fruit and Meat.

johno1234

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#2912543 11-May-2022 08:51

This whole story is prime for click-baiting MSM. For example:

https://www.stuff.co.nz/business/128593392/kiwis-paying-almost-twice-as-much-as-australians-for-same-block-of-cheese

Yet when I lookup Coles vs PaknSave for 1kg block of Colby:

Coles AU$8.90 which if add GST and convert to NZ$ is $11.37. Pams 1Kg Colby at PaknSave is $11.49. Very little difference despite our smaller market size.

I see no media mention of Coles basic milk in 2L at effectively compares at $2.10/L whereas PnS is $1.95/L - not supporting the hysterical narrative.

Or premium mince, Coles effectively $26.83 vis PnS $22.99. Not mentioned.

It is all meaningless cherry picking as prices vary. If the shopper doesn't want to be wasting money they shop around - it is called a free market and the moment the government steps in and starts heaving the market it is going to get worse. State controlled supply leads to empty shelves and long queues. History always repeats itself.

MikeAqua

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#2912546 11-May-2022 09:13

We seem to have only two large firms in a number of retail sectors: -

Foodstuffs and Progressive

Repco and Supercheap

Bunning ands M10

(I know there are other players in those sectors but they are either small, or not really consumer focussed).

Mike

johno1234

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#2912553 11-May-2022 09:30

MikeAqua:

We seem to have only two large firms in a number of retail sectors: -

Foodstuffs and Progressive

Repco and Supercheap

Bunning ands M10

(I know there are other players in those sectors but they are either small, or not really consumer focussed).

It is harder for our smaller market to support multiple massive operators. 5 mil pop vs 26 mil... can't compete. Costco are brave to give it a crack - I really hope they succeed. I would just *love* it if Home Depot setup in NZ!

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