Thursday, April 17, 2014   

Supermarket heavies playing unfair retailing game
(12-19 14:20)

Hong Kong’s leading supermarket operators ParknShop and Wellcome may be engaging in anti-competitive behavior, the Consumer Council reported today.
A study found that Parkshop, run by billionaire Li Ka-shing, and Wellcome, operate 562 stores combined. ParknShop and Wellcome have a market share of 28.6 percent and 33.9 percent respectively in foodstuff retailing and both have a combined market share of 62 percent.
The consumer watchdog alleged that both operators were imposing tough conditions against suppliers to gain a pricing edge. The council interviewed more than 40 suppliers.
It has urged the Competition Commission to investigate.
   
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