Muted competition and inflated profits, but the Commerce Commission has resisted the temptation for major changes to the grocery market.
In its final report, the commission has found competition in the $22 billion a year industry is not working well for consumers.
Critics say it's a massive missed opportunity to bring more operators into the market, and drive prices at the checkout down.
But the government says it's still got the power to force the big operators to sell stores if competition doesn't improve.
Hamish Cardwell reports.
