NZ regulator to sue Woolworths, Pak'nSave for 'inaccurate' pricing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
0mins
Source: Reuters
Criminal Charges Filed: New Zealand's competition watchdog plans to file criminal charges against Woolworths' local unit and two Pak’nSave stores for alleged inaccurate pricing, potentially violating the Fair Trading Act.
Response from Supermarkets: Woolworths New Zealand acknowledges the importance of accurate pricing and is cooperating with the investigation, while Foodstuffs emphasizes that any pricing errors are unacceptable despite being rare.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
