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General Business
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Countdown prices, margins rise on bumper Covid demand

Supermarkets were accused of hiking prices during the pandemic.

Countdown New Zealand’s prices rose more than 5% before the country went into level 4 lockdown, as specials and promotions were axed in the face of panic-buying shoppers.

The supermarket chain’s revenue rose more than 9% to $7.2 billion in the year to 28 June, 2020, while earnings before

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Hamish McNicol Wed, 02 Sep 2020
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Countdown prices, margins rise on bumper Covid demand
General Business,
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