Probe Call As New Zealand Supermarket Profits Exceed Food Costs

Woolworths New Zealand’s underlying profit margins

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have increased much faster than the cost of food for the past three years.

https://www.smh.com.au/ffximage/2006/09/27/woolworths_wideweb__470x313,0.jpg

Australian-owned Woolworths,

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which operates Countdown supermarkets locally,

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said the results were due to improved efficiency,

but the Green Party said an investigation into supermarket pricing is overdue

and the industry is in need of tighter regulation.
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