Tucker Fresh IGA is excited to announce its remarkable triple win at the IGA National Retail Excellence Awards, hosted by Metcash last night. The Kinross store achieved a clean sweep, earning the titles of IGA National Retailer of the Year, IGA National Large Store of the Year, and IGA National Large Grocery and GM Department […]
Tucker Fresh IGA Kinross Triumphs with Triple Win at National Awards Read More »
Metcash CEO Doug Jones has raised concerns over the hefty penalties proposed under a revised mandatory code of conduct, arguing that these fines won’t necessarily lead to lower prices for consumers seeking value. The federal government has accepted all 11 recommendations from Dr Craig Emerson’s review of the food and grocery code of conduct. This
Metcash CEO Questions Heavy Penalties Under New Grocery Code Read More »
The ACCC will not oppose Metcash Trading Limited’s (Metcash) (ASX:MTS) proposed acquisition of wholesale food distributor SFG Group Holdings Pty Ltd, trading as Superior Food Services (Superior). Superior purchases a wide range of food products from suppliers and distributes them to food service businesses such as restaurants, cafes, hotels and clubs, petrol and convenience stores,
Metcash’s proposed acquisition of Superior Food Services not opposed Read More »
In early 2022, when Doug Jones took the helm as CEO of Metcash, he encountered a digital transformation initiative that fell short of its promises. The ambitious project, dubbed Project Horizon, aimed to overhaul Metcash’s IT infrastructure, consolidating nine disparate systems into a single platform powered by Microsoft. However, what seemed like a dream quickly
Lessons Learned from Metcash’s Digital Transformation Journey Read More »
Metcash, a prominent player in the Australian retail landscape, has made a resounding move that reverberated through the business world. The conglomerate, renowned for owning supermarket giants such as IGA and Foodland, alongside convenience champion Campbells/C-Store, has entered a trading halt. This dramatic pause in its financial activities comes as the company confirms its engagement
Metcash in Talks to Acquire Superior Food Group Read More »
Metcash, the operator of IGA supermarkets, is strategising to become Australia’s preferred supermarket by focusing on reducing prices in its smaller and medium-sized stores. This move aims to attract value shoppers and intensify competition with major rivals Woolworths and Coles. Doug Jones, Metcash’s CEO, is determined to change the perception that IGA stores are pricier
IGA Targets Top Spot in Australian Supermarkets Read More »
In the period leading up to Christmas, food and grocery prices have shown signs of stabilisation, with customers increasingly filling their carts with items from independent stores like IGA and Foodland. This trend was highlighted by Doug Jones, CEO of Metcash, a company overseeing supermarket, food, liquor, and hardware supply. Jones noted that Metcash’s independent
Metcash Sees Profit Boost and Shift to Independent Stores Pre-Christmas Read More »
Independent supermarkets, including major names like IGA, Foodland, and Romeo’s, are urging their primary wholesaler, Metcash, to allow for increased margins. The request comes in the backdrop of these chains grappling with the increasing costs of rent, energy, and wages. Despite their efforts to stay competitive with large players like Woolworths and Coles, these chains
Metcash Faces Pressure to Raise Margins Amid Rising Costs for Independent Supermarkets Read More »
Metcash’s CEO, Doug Jones, has announced that the company is undergoing an extensive analysis of its primary supermarket division to adapt to the evolving retail environment. This may potentially lead to job cuts as the company aims to reduce expenses. Although the primary goal of this review isn’t to reduce positions at the head office,
Metcash Reviews Supermarket Arm; Eyes Potential Job Cuts Read More »
Metcash, a prominent wholesale distributor, is experiencing a growth in sales bolstered by its food, alcohol, and hardware sectors. However, the company also highlights a shift in consumer behavior due to financial pressures, resulting in increased preference for affordable products. CEO Doug Jones informed the AFR Weekend that another concern is the rise in illicit
Metcash Sales Up Amid Cost Pressures, Tobacco Concerns Read More »
Metcash, a prominent wholesaler with a vast network of supermarkets, liquor, and hardware retail outlets, has initiated a review of its chief supermarket division. This move arises due to the growing competition in the food and grocery sector, with the company looking to reduce costs, potentially leading to layoffs at its headquarters. To facilitate the
Metcash Evaluates Costs and Structure of Leading Supermarket Division Read More »
Metcash CEO Doug Jones has observed a shift in consumer behaviour as shoppers prioritise value, opting for private label groceries and transitioning from fresh to frozen foods. The food, liquor, and hardware wholesaler is grappling with high inflation and a series of interest rate hikes. Independent supermarkets aligned with Metcash, such as IGA, Foodland, and
Consumer Shift to Value and Frozen Foods: Metcash CEO Read More »
Metcash, the owner of IGA, has reported that sales in all areas of its retail business remain robust and that it is actively addressing the challenges of increased costs. In the period ending on April 30, the company’s overall revenue increased by 6.2 percent to reach $15.8 billion, while its underlying tax-paid profit rose by
Metcash’s IGA Reports Robust Sales Amidst Challenges Read More »
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