Customer data has become a valuable asset for businesses. But privacy laws need to be clearer about what happens to this information when businesses go into liquidation.
- Retail Academic Researcher, Business School, University of Sydney
Despite the hopes pinned on international supermarket brands, the answer to New Zealand’s supermarket woes lies with breaking up the companies that are already here.
New Zealanders have less choice over their grocery shop than consumers in most developed countries. Breaking up the existing supermarket conglomerates would be a next logical step.
Foodstuffs has applied to merge its North and South Island operations. But this move will only further concentrate market power and the biggest losers will be New Zealand consumers.
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