Commerce and Consumer Affairs Minister David Clark today revealed the Government's response to the Commerce Commission's market study into supermarkets, published in March. "The Government and New Zealanders have been very clear that the supermarket industry doesn't work," says Commerce and Consumer Affairs Minister David Clark. Clark said he would engage with the industry ahead of introducing the Grocery Industry Competition Bill to the House this year. Speaking at this afternoon's Post-Cabinet press conference, Clark said recent voluntary price rollbacks indicated supermarkets knew the tide was turning. Robertson said the market study delivered what they knew to be true – competition was not working and change was needed.

Source: New Zealand Herald May 30, 2022 02:59 UTC