Consumer NZ Criticizes Woolworths Profitability Amid Store Refresh Spending

Consumer advocacy group Consumer NZ has condemned supermarket chain Woolworths for reporting a $163 million profit alongside $400 million in store upgrade expenditures, calling it unfair to shoppers.

26 Aug, 04:50 — 26 Aug, 04:50

Post Share

Sources

Showing 1 of 1 sources

rnzHigh1d ago

'Wrong' for Woolworths to bank big profit, Consumer NZ says

Consumer NZ says it will feel "wrong" to many New Zealand shoppers that supermarket chain Woolworths has been able to spend $400 million on store refreshes and still banked a $163 million profit.

Read full article →

PERSPECTA

PERSPECTA

Consumer NZ Criticizes Woolworths Profitability Amid Store Refresh Spending

Sources

'Wrong' for Woolworths to bank big profit, Consumer NZ says

Related Stories

Raymond James Financial Announces Quarterly Dividend of $0.54 Per Share

Okta Lifts Full-Year Outlook as Artificial Intelligence Demand Surges

Bill Gates Advocates for Human-Reserved Jobs Amid AI Expansion

Delayed Cocoa Harvest Risks Port Congestion in Ivory Coast

PERSPECTA