Australian retailer Woolworths Ltd has increased earning in New Zealand. The owner of Countdown and Woolworths reporting before the tax and interest rose up from $NZ208.1 million of last year to $NZ244.1 million in this year. These companies compete with the food stuff, co-operative which operate with New Wolrd and Pak'n'save store. Woolworths said that they have reduced the prices of foods and many things to make the different between their companies. The Woolworths company has been improving it range and it brand to hit the market and the demand of people
The Green Party said that there are a lot of competition between those two big companies, so that this made the vegetable and fruit couldn't grow fast enough to supply. The result was that the fruits and vegetables face ruin. Thus, the business would go lower margin.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10669016
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