Hon Dr DAVID CLARK (Minister of Commerce and Consumer Affairs): Today, the Commerce Commission released its market study into supermarkets. The report is clear: competition in the retail grocery sector is not working. Consumers could get better prices, range, and quality if competition was better. The commission found that there are a number of factors making it difficult for new entrants, including a lack of suitable sites for store developments and difficulties for retailers in obtaining competitively priced wholesale goods. The report also found that profitability is high. Even in its most conservative scenario, the report shows supermarkets deriving excess profits of $1 million each day across New Zealand. From today, we will immediately progress work to address the commission's findings.