Statement from Woolworths NZ re: Government's response to the Commerce Commission's market study

To be attributed to Spencer Sonn, Managing Director, Woolworths New Zealand:

'It’s a privilege to be part of communities right across Aotearoa.  We know things are tough right now, and we’re continuing to try and provide food and groceries at the lowest prices we can - this remains our absolute focus.

We support the Commerce Commission’s recommendations.  While the government’s response goes further than these, we accept that change is needed, and we’re committed to playing a positive role in a competitive grocery market for Kiwis.

We don’t yet have the capability to offer large scale wholesale supply, however we are already in the process of planning how we achieve this.  We’re committed to working with the government to meet their expectations and with our supply partners who will play an important part in this. 

We thank both the Commerce Commission and the government for the time they have taken over the course of the market study.'

 

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