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 »
Metcash is attributing changes in supplier payments to the impact of rising interest rates and customer demands for extended discounts. The company, which is Australia’s largest food and grocery wholesaler for independent supermarkets, has given a five-month notice to suppliers, requesting faster payment processing. During a recent supplier conference, Metcash CEO Doug Jones urged supermarket
Metcash Implements Changes in Supplier Payments Read More »
Metcash, one of Australia’s leading wholesale distribution and marketing companies, has undergone a change in leadership, with Grant Ramage appointed as the new chief executive of their supermarket division. As he oversees as many as 1600 independent supermarkets across the country, Ramage has noticed a shift in consumer behaviour since the start of the year,
Metcash Boss: Consumers Shifting to Private Label and Frozen Foods Read More »
Metcash says it is focusing on closing the price gap between its stores and major competitors Coles and Woolworths as it warns of accelerating food and grocery inflation. The wholesaler, which also operates IGA and Foodland brands, said prices were up 4.9 per cent for the first quarter of a financial year ending April 30,
Metcash says it is closing the price gap with majors, Coles and Woolworths Read More »
Major chains need to balance the needs of all stakeholders – consumers, suppliers and shareholders – to avoid greater scrutiny. Australia’s major supermarket chains are engaged in a delicate balancing act as food prices rise at the fastest pace in decades, adding to pressure on household budgets. Coles, Woolworths, Aldi and wholesaler Metcash face a backlash from
Food retailers need to tread carefully as prices soar Read More »
The boss of Metcash, the nation’s largest supermarket wholesaler, believes cost pressures swirling through the global economy and causing a rapid acceleration in the price of food and groceries is likely to remain in place until at least the start of next year. And shoppers who first walked into a Metcash-affiliated supermarket – such as
No easing in food inflation before Christmas Read More »
Grocery wholesaler Metcash is continuing to gain from the shift to convenience and local neighbourhood shopping, as group sales jumped 8.9 per cent across its hardware, liquor and food businesses so far this financial year, according to new chairman Peter Birtles. The retailer, which supplies the IGA and Foodland stores, indicated strong gains made over the
Sales surge at grocery group Metcash in shift to local shopping Read More »
Poultry retail franchisor Lenard’s has signed a distribution deal with wholesale warehouse Metcash to supply its chicken products to independent supermarkets nationwide. “Metcash is such a big supporter of Lenard’s,” said Harry Rumpler, CEO of Lenard’s. “Supermarkets are particularly excited as we have not been available in most of these regions for several years.” The
Lenard’s seals distribution deal with Metcash Read More »
Metcash has asked retailers operating under its IGA and Foodland brands to resist raising shelf prices despite rising inflation putting pressure on store profits, warning it could mean a loss of customers to Woolworths and Coles. Operators of IGA and Foodland supermarkets were told at their national conference on the Gold Coast last month that
Metcash asks IGA and Foodland stores to resist raising shelf prices Read More »
Grocery wholesaler Metcash, which supplies thousands of independent supermarkets under banners such as IGA and Foodland, has conceded it “still has work to do” in gaining the trust of its own grocery suppliers, pledging to expand the frame of reference for its supermarket code arbiter. In a letter to independent reviewer of the Food and
IGA and Foodland wholesaler Metcash vows to improve dealings Read More »
Metcash has tapped Peter Birtles to replace chairman Rob Murray, who will retire after more than seven years with the grocery wholesaler that supplies IGA and Foodland stores. Mr Murray was appointed chairman of Metcash shortly after joining the board in 2015, and has since overseen the transition to a stronger financial position and culture.
Metcash taps Peter Birtles as new chairman Read More »
Metcash, a supplier to thousands of independent supermarkets, has warned about rising prices after food inflation in its wholesale business leapt to 5.3 per cent in April and 4.5 per cent in May. Metcash chief executive Doug Jones said about 60 per cent of its food and grocery suppliers had approached it for price increases,
Metcash warns of soaring food and grocery inflation Read More »
Doug Jones, the new chief executive of grocery wholesaler Metcash, says he has a lot of experience in tackling high-inflation environments after 14 years in South African retail with Massmart Wholesale, and the group aims to build on market share gains as more shoppers shift to local neighbourhood outlets in the IGA network. Mr Jones says
Metcash new boss battle-hardened for high inflation times Read More »
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