Chief executive Jeff Adams said the company would slash $50 million in costs over the next two years.
A centre in Sydney’s western growth corridor has sold,giving the vendors a neat 25 per cent uplift after holding the property for three years.
Metcash has assured investors it can cut costs fast enough to cover any further deterioration in its hardware supplies business caused by the softening housing market.
Independent IGA supermarkets will spend $100 million modernising their stores after years under-investment left the network lagging behind major trends in retailing,according to their wholesaler Metcash.
A fight over a freight terminal in Brisbane has led to concerns around safety on the state's roads and massive cost increases for some of the nation's biggest companies.
Metcash has been punished by shareholders as the grocery and hardware wholesaler's pathway to growth comes into questions amid increasing headwinds and a continued battle for sales in the grocery aisles.
Grocery wholesaler Metcash says its IGA chain has a head-start on Coles and Woolworths as the supermarkets rush to open smaller stores to cater to customers who want to buy less and shop more often.
Grocery wholesaler Metcash has locked down the bulk of its South Australian business,bringing it a step closer to seeing off a threat from a rebel customer that has set up a rival supply chain.
One industry expert says proposed new rules reining in the practice don't go far enough.
Grocery wholesaler Metcash is coming under increasing pressure to sign up to the industry code of conduct.
Grocery group Metcash is introducing a fresh new concept to executive remuneration - non KMP pay.