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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