Chris Quin: Foodstuffs North Island CEO on the latest supermarket announcement, competition, prices

Pak’nSave shoppers seem to be getting the best deal.  A recent study by Foodstuffs North Island has found that New Zealand stores offer the lowest grocery prices when compared to leading retailers in Australia and the UK.  The study compared 20 everyday necessities, and after adjusting for sales tax and exchange rates, Pak’nSave came out on top – cheaper than Woolworths NZ, Woolworths Australia, Tesco UK, and Aldi Australia.  Foodstuff North Island CEO Chris Quin told Kerre Woodham that when they look at that data, there’s a really competitive, innovative story being told.   He says they don't have price match guarantees because there's just too many products to cover.   Quin says supermarkets may hold up to 18 thousand different products so it would be too tricky to match them all.  He told Woodham they have more holistic aims.   Quin says for Pak N Save stores it's about getting the cheapest basket possible, and with New World it's about providing a good shopping experience.   LISTEN ABOVE See omnystudio.com/listener for privacy information.