Retail in Asia

In Sectors

Fix is in on HK supermarket shelves, study suggests

Hong Kong’s lawmakers have accused the two leading supermarket chains of colluding on prices, after a study found that the cost of products went up and down at the same time at both ParknShop and Wellcome.

The Federation of Trade Unions study found that the price of two of the eight products it monitored rose and fell at both supermarkets together and stayed at the same level for at least 14 days.

While one legal expert said the fact the prices were the same was not enough to prove collusion, a lawmaker said the study showed the urgency of passing the long-awaited competition bill.

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(Source: scmp.com)