this post was submitted on 28 Aug 2023
48 points (91.4% liked)
Aotearoa / New Zealand
1653 readers
2 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Hmm, how does that track with their annual profits over that last year?
Cuntdown's profits were actually down, citing inflationary pressures etc, despite an increase in turnover. Pak n Save may be in a similar situation.
I mean, cuntdown still found the money for a $400,000,000 rebranding... Were their profits down by $400,000,000 or are they spending hundreds of millions on a vanity exercise with a side benefit of good PR?
Also, reminder that they all made record profits over the pandemic and "slightly less than the most ever but still well above traditional levels" isn't a fair amount of profit for them to make.
It warmed my heart to read that.