Metcash announces $384m loss, but stronger convenience, IGA sales.
Metcash has announced it will be splitting its food and grocery business into two to take a more focused approach to managing its business.
Price deflation, greater investments in marketing and intense competition has impacted Metcash's first half year results for 2014 but still made room for a profit rise.
After opening in New South Wales and Victoria, Costco is bringing the big box retail battle to Queensland with the opening of a store in North Lakes, north of Brisbane. With a number of other big box retailers nearby, the warehouse battle is just beginnin
Supa IGA Supermarkets continue to grow its presence around the country as transformation of former Franklins stores take place.
Following the successful launch of its first Harvest Market franchised store last year in Wollongong, Metcash has expanded the retail concept opening its first Sydney outlet in Rouse Hill.
The Australian Competition and Consumer Commission has not opposed Woolworths' proposed acquisition of three Supa IGA supermarkets in Queensland.
Metcash's future success will rely on increasing marketing funds, reviewing ongoing strategies to improve productivity and thriving on the success of recent acquisitions and joint ventures.
Andrew Reitzer is handing over his reigns as CEO of Metcash after 15 years.
IGA has launched its second stage of its largest ever marketing campaign featuring comedian Anh Do.
Metcashâ€™s hardware division Mitre 10 has entered into a joint venture with two hardware trade groups â€“ Dahlsens and Capeview Building Supplies.
Metcash is investing $10 million into a marketing campaign for its IGA supermarkets.
Metcash has signed a new supply agreement with Supabarn Supermarkets, which will have an initial term of seven years.
Metcash has launched a new concept in fruit, vegetable and fresh retailing under the Harvest Market Brand.
Following the acquisition of Franklins' supermarkets, Metcash is giving Franklin’s No Frills private label a makeover.
Costco has new competition in town with Metcash launching its bulk purchase wholesale warehouse called Value Depot.
Metcash has been forced to revise its full year underlying EPS guidance due a combination of factors that are impacting on the company's performance.
One of Metcash's distribution centre is one of two industrial projects who have been the first to be awarded a Green Star rating.
IGA has launched a $3.5 million marketing and branding campaign to promote SUPA IGA’s expanded number of large format stores – 42 of which are new or proposed – across the state.
Metcash is on the hunt for a new CEO as the company confirmed Andrew Retizer’s intention to retire from the position in 2013.
Metcash, supplier of IGA, has signed a deal with Darrell Lea's new owner the Quinn family to stock and promote the Darrell Lea range including its famous Rocklea Road and Liquorices.
More communities across the country continue to see its Franklins stores converted to IGA stores.
Metcash has signed a 15 year supply agreement worth approximately $655 million with Liquor Marketing Group and Hotel & Tourism Management.
Metcash Limited has confirmed that it had acquired 100 per cent ownership of the Mitre 10 Group.
Australia’s major food and grocery retailers have united in a call for suppliers to use the recall notification system GS1 Recallnet to better protect consumers.
Andrew Reitzer, Metcash CEO, said it was true Metcash was part of joint ventures acquiring stakes in hotels but it had not allocated $100 million to the project as reported.
Metcash is to acquire 75.1 per cent of the Automotive Brands Group (ABG) for $53.8 million.
Metcash CEO, Andrew Reitzer, announced last week the company is preparing a complete takeover of Mitre 10 Group.
In aim to create a more targeted shopping experience for locals, IGA has launched IGA Marketplace in Sydney that has been designed to cater for the young inner-city dwellers.
Metcash's Mitre 10 has signed a joint venture with a Victorian hardware group Fagg's Geelong.
Metcash has appointed John Mac Laren to the position of general manager of Metcash food and grocery Queensland/Northern NSW.
Almost 500 Metcash staff will lose their jobs as a result of the company's strategic review into the company.
Sydney's Sunlite has switched banners from Danks/Thrifty Link to Metcash's Mitre 10 banner as the groups look to expand their country-wide footprint.
Following the recent announcement that Metcash would bring its food and grocery function into one business, the company has appointed Michele Teague as general manager marketing for Metcash Food & Grocery.
The Bateau Bay, Erina Heights and Woy Woy store are three of nine stores sold to the Ritchies across NSW and will be converted to the IGA brand.
With a focus to grow its food and grocery department, Metcash has appointed Silvestro Morabito to the new position of chief operating officer food and grocery.
Metcash has begun converting the Franklins' corporate stores to the IGA banner and independent ownership.
This comes after the federal court dismissed the ACCC's appeal against Justice Emmett’s decision on Metcash's acquisition of the Franklins supermarket business.
This comes in the wake of the federal court dismissing the ACCC’s application to prevent Metcash from acquiring the Franklins business.
Despite reporting a 14 per cent fall in first-half year profit, Metcash has upgraded its financial forecast for the full year to low-to-mid single digit growth.
Metcash is in its final stage of its campaign to sell the Franklins supermarkets to IGA retailers.
More than a year since announcing the deal on 1 July 2010, Metcash has completed its $215 million acquisition of Franklins supermarket chain from Pick n Pay Retailers.
This comes after the Federal Court decided not to grant the ACCC an interim injunction to restrain the process until a full appeal is heard and determined.
The ACCC has applied to the Full Court for an interim injunction, which would restrain Metcash’s move until ACCC’s appeal is heard and determined.
The ACCC is appealing against the Federal Court’s decision to dismiss its application to prevent Metcash from acquiring the Franklins supermarket business.
The federal court has dismissed the ACCC's application to prevent Metcash from acquiring the Franklins supermarket chain from Pick 'n Pay Retailers.
The company has commenced the rollout of an energy saving program following a successful trial in Supa IGA and IGA supermarkets that produced 50 per cent savings from their electricity bills.
Metcash and Pick n Pay Retailers are extending the cut-off date in their agreement to acquire issued shares in Interfrank Group Holdings.
It said that its profit after tax grew from $227.6 million to $241.4 million for the year to 30 April 2011 but still expects market conditions to remain challenging for the rest of the calendar year.
Metcash, its Campbells Wholesale division and their suppliers, have chipped in together to save a Lucky 7 convenience store at Grantham that was affected by the Queensland floods.
This comes after the ACCC was seeking to block Metcash from acquiring 79 corporate stores, 10 franchised stores plus all Franklins stores in NSW from Pick n Pay Retailers for approximately $215 million.
SSA provides advanced point of sale systems to independent retailers in the grocery, liquor, hardware, fuel and convenience sectors.
The grocery and liquor wholesaler has downgraded its full year earnings guidance from the range of 6 to 8 per cent to 3 to 5 per cent.
The arrangement follows 7-Eleven’s acquisition of Mobil in October, whose 400 convenience stores across the country are already supplied by C-Store Distribution.
Metcash said it is currently preparing its case for when it meets the ACCC in the Federal Court after the company's decision to acquire the Franklins supermarket chain was overruled by the consumer watchdog.
Metcash has signed as a national donor to Australia’s largest hunger relief organisation, Foodbank.
The company saw its wholesale sales rise 5.8 per cent to $5.94 billion while its EBITA grow 7.7 per cent to $199.4 million for the six months to October 31 2010.
The ACCC will be undertaking legal action to prevent Metcash from acquiring the Franklins supermarket chain from South Africa's Pick n Pay Retailers.
Metcash said it will be closely reviewing its options after the ACCC rejected its proposed acquisition of the Franklins supermarket business.
Since commencing carbon emissions tracking in 2008, Metcash is now on the Australia & New Zealand CDP Leaders Index after reporting for the first time this year.
The facility will become Metcashâ€™s primary NSW distribution centre for the storage, handling and wholesale distribution.
Franklins' parent company Pick n Pay has announced that it has an alternative exit strategy in place if the ACCC do not approve its sale to Metcash.
Metcash chairman Peter Barnes has appointed Fiona Balfour as a director of the board.
Last month, the consumer watchdog raised concerns that the acquisition of Franklinsâ€™ wholesale and retail business could reduce competition in the wholesale grocery market.
Grocery and liquor wholesale, distributor and marketer Metcash has been successful in its court action against former CEO of IGA Distribution Lou Jardin.
The ACCC has expressed its concerns about Metcash's proposed acquisition of the Franklins' 85 supermarkets.
For the eleventh consecutive year, Metcash has recorded another record profit increase.
Metcash is acquiring the Franklins chain of 85 supermarkets, comprising 77 corporate stores plus supply to eight franchised stores.
Metcash's profit has increased by 12.4 per cent to $227.6 million from $202.5 million for the year to 30 April 2010. Wholesale sales rose by 4.9 per cent rise to $11.51 billion from $10.97 billion.
The Australian Competition and Consumer Commission has made further agreements with major supermarket operators to phase out restrictive provisions in supermarket leases.
Metcash will pay an estimated $55 million for a 50.1 per cent stake in Mitre 10 Group.
Grocery and liquor wholesaler Metcash said revenue was up 6.6 per cent to $5.6 billion, despite intense competition in the grocery sector, lower levels of inflation and price deflation in the produce sector.
Metcash is planning a takeover bid for Mitre 10, aiming to acquire 100 per cent of the group in either 2012 or 2013 and become the 'champion of the independent hardware retailer'.
Metcash stands to lose $420 million in sales in the 2011 financial year following Woolworths' decision to cancel its supply contract in Queensland with the company's liquor division.
Metcash has reached agreement for the supply of grocery and liquor products to the 45 supermarkets (and eight aligned liquor stores) that Foodworks will acquire from Coles.
The IGA chain of supermarkets has signed a deal with its principal supplier and owner of the IGA brand Metcash to share the proceeds of growth and major expansion projects.
Australia's largest independent grocery supplier, Metcash, and 1270 IGA supermarkets have pledged to support Australian producers and suppliers in the food chain, while doubling their charitable contributions to local communities.