Norway supermarkets enjoy creamy profits / News / The Foreigner

Norway supermarkets enjoy creamy profits. The big chains win through price increases and companies paying to ply their goods. Analysis company Oslo Economics’ report, compiled for grocery and food industry brands supplier interest organisation DLF (Dagligvareleverandørenes forening), shows where the money goes. 2011-14 food price changes have been examined. While shop shelves prices have risen 6 per cent in this period, the suppliers’ has only increased by 4 per cent.

supermarkets, food, norway, shopping



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Norway supermarkets enjoy creamy profits

Published on Tuesday, 17th March, 2015 at 15:34 under the news category, by Michael Sandelson   .
Last Updated on 17th March 2015 at 18:10.

The big chains win through price increases and companies paying to ply their goods.

Supermarket trolleys (illus. photo)
Supermarket trolleys (illus. photo)
Photo: © Copyright Keith Evans/geograph.org.uk


Analysis company Oslo Economics’ report, compiled for grocery and food industry brands supplier interest organisation DLF (Dagligvareleverandørenes forening), shows where the money goes.

2011-14 food price changes have been examined. While shop shelves prices have risen 6 per cent in this period, the suppliers’ has only increased by 4 per cent.

This means shoppers have to pay 2 per cent above the going rate, reports NRK.

Norway’s Competition Authority recently approved Coop’s purchase of Swedish chain ICA, meaning food-wasting Norwegians and other consumers now have just two other supermarket majors to choose from.

NorgesGruppen owns chains Joker, SPAR, KIWI, and Meny, and Reitan’s include Rema 1000.

Choice has also been found to be poor in Norway’s supermarkets – foreign cheese and meat apart.

Moreover, food producers Orkla and TINE confirm that they pay considerable sums to have their products put on the shelves.

“This report shows both increased margins, and indicates that competition does not work as well as it should,” a DLF press spokesperson tells The Foreigner.

“We would like to see a law regulating fair trade practice like Britain has, for example. Two public inquiries in Norway have already suggested this,” the individual continues.

Article to be updated.



Published on Tuesday, 17th March, 2015 at 15:34 under the news category, by Michael Sandelson   .
Last updated on 17th March 2015 at 18:10.

This post has the following tags: supermarkets, food, norway, shopping.





  
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