Guernsey retailers 'can choose' to take part in grocery study

Guernsey retailers have been told they can choose whether to take part in a review of grocery prices.

The Channel Islands Competition Regulatory Authorities (CICRA) is investigating the cost of buying groceries in Jersey and Guernsey.

Andrew Riseley, the CEO of CICRA, said Jersey retailers could be forced to take part but Guernsey firms cannot.

He said he believed it was in the best interests of Guernsey businesses to co-operate with the review.

Mr Riseley said CICRA would use pan-Channel Islands retailers for the study, but had contacted a number of Guernsey only retailers to ask them to participate as well.

He said: "We have the power to make them take part in Jersey because of a particular provision in the competition law.

"We think the increased transparency that we are hoping the study will bring is in the interests not only of consumers but also of retailers."

The results of the review are due to be published in October.

What a complete waste of time and effort.
If I decide to sell e.g. potatoes that I buy @10p/kg.How can anyone tell me what to sell at.?
I could be philanthropic and sell at cost
I could take a small profit and sell at 12p/kg
or I could sell at 20p/kg but surely it is my choice?

In an ideal world the producer, who does all the work and takes all the risk, should get a bigger profit than the retailer. But that ain't the case, nor ever will be.

the idea is to find out what we allknow that guernsey residents are being ripped off..