Tag Archives: Metcash

Metcash to invest $270m in store network

A rebranding of the store network and a trial of 10 small format convenience stores are among the initiatives announced by Metcash at its strategy update this week. The wholesaler announced investment plans of $270m over five years across its business. This includes a potential $165m capex in food initiatives. …

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‘Best in class’ – new Metcash distribution centre for SA

This week, Metcash began work on a ‘best in class’ distribution centre in Gepps Cross, Adelaide, to service independent retailers. The company held a ‘turning of the soil’ event (right) to celebrate the start of construction. In a statement, Metcash said the new DC would deliver “operational efficiencies” for its …

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IGA Supplier of the Year Award winners revealed

IGA has announced the winners of its coveted Supplier of the Year (SOTY) Awards. The ceremony took place last night at The Star in Sydney. The company says it judges nominated suppliers and winners on criteria including sales, support and innovation, promotions and field teams. “These suppliers are supportive of …

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Metcash half-year results ‘pleasing amid challenges’

Metcash has reported that group revenue increased by 2.2 per cent to $6.2 billion for the half-year ended October 31 with all pillars delivering improved earnings. Food EBIT was up 2.4 per cent to $93 million. Group CEO Jeff Adams said the first-half results were “pleasing in the face of …

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ECG to buy Metcash’s China export business

E-commerce company ECG has announced it will buy 85 per cent of wholesaler Metcash’s China export business. The companies have entered into a binding Heads of Agreement. This will see ECG will acquire 85 per cent of Metcash Export Services, which includes Metcash Asia, its China-based subsidiary. ‘One-stop offering’ ECG …

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Metcash share price jumps after AGM presentation

Metcash Limited enjoyed a jump in share price of over 10 per cent yesterday after releasing its AGM presentation. In the presentation, management gave a breakdown of the company’s performance in FY 2018. It also gave an update on its performance so far in FY 2019. In his opening address, …

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Metcash agrees supply deal with Foodland

Metcash Limited has signed a legally binding Heads of Agreement with Foodland Supermarket, the companies announced today. Foodland Supermarket is the governing body for independent Foodland supermarket retailers in South Australia (SA). The deal includes the proposed form of a long-term supply agreement. The agreement means Foodland retailers will commit …

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IGA donates $180,000 to Special Olympics Australia

IGA has donated $180,000 to Special Olympics Australia to celebrate their 26-year partnership. Celebrations took place at the 13th annual Special Olympics Australia Signature Dinner at Luna Park in Sydney last Friday. Metcash General Manager of Private Label & Merch Mehul Patel presented the cheque to Special Olympics CEO Corene Strauss. …

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Who triumphed at the 2018 IGA Awards of Excellence?

Leading Independent Grocers of Australia (IGA) stores were honoured at this year’s IGA Awards, held on the Gold Coast yesterday. The IGA Awards of Excellence acknowledge the efforts of IGA stores and their teams in their local community. There are 1400 independent supermarkets across the IGA retail network. The national …

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