NZ regulator to sue Woolworths, Pak'nSave for 'inaccurate' pricing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Should l Buy ?
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.
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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.
