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AAP
AAP
Derek Rose

Retail environment not that bad: industry veteran

Times may be tough, but at least there's not the prospect of widespread job cuts, Metcash says. (Dean Sewell/AAP PHOTOS)

Australian consumers have been battered by interest rate hikes and soaring gas prices, but the chairman of a leading food and drinks wholesaler has seen worse.

"I'd say, having worked in retail in Australia for a long time now, I don't think that this is the worst I've seen," Metcash chairman Peter Birtles told the IGA supermarkets supplier's shareholders on Wednesday.

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