ZEL - Z Energy.

[macduffy]

Plenty of reasons for Z's profit fall, as outlined in the CEO's briefing. The one that could/should have been managed by the company was the drop in market share, especially in petrol. Perhaps the switch in supermarket affiliation to Foodstuffs from Countdown isn't a big success with customers despite the significant sales of fuel to the former.

[peat]

Plenty of reasons for Z's profit fall, as outlined in the CEO's briefing. The one that could/should have been managed by the company was the drop in market share, especially in petrol. Perhaps the switch in supermarket affiliation to Foodstuffs from Countdown isn't a big success with customers despite the significant sales of fuel to the former.

Yeh thats the one that got me changing...

I'm really having a gutsful of loyalty marketing and plastic cards from retailers and hookups between petrol, supermarket etc
So its quite possible others are too.

'Waitomo' are making small inroads as well.
Does everyone use the app 'Gaspy' to find cheapest petrol?

[winner69]

Yeh thats the one that got me changing...

I'm really having a gutsful of loyalty marketing and plastic cards from retailers and hookups between petrol, supermarket etc
So its quite possible others are too.

'Waitomo' are making small inroads as well.
Does everyone use the app 'Gaspy' to find cheapest petrol?

In Z’s case it’s the manipulation of prices using these loyalty things that could get them into trouble

How often have they had a price rise followed a few days later by a x cents off the promo. All to clever for their own good

[Bjauck]

In Z’s case it’s the manipulation of prices using these loyalty things that could get them into trouble

How often have they had a price rise followed a few days later by a x cents off the promo. All to clever for their own good

If their competitors also increased their prices as a result of increasing oil prices, it could be that Z is being generous by offering discounts?

However generally that annoys me too. Z is not the only retailer that does that. Isn’t it widespread throughout retailing? Does there need to be a tightening up of general legislation?

ComCom have a guideline on price discounting here: https://comcom.govt.nz/consumers/dea...rvices/pricing

[kiwico]

Does everyone use the app 'Gaspy' to find cheapest petrol?

I certainly do. Why pay more for a generic product than you have to.