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The Latest Breaking News from Metcash

Developer malaise means Woolies is behind more malls

Woolworths has cast itself as being in competition with cake shops and newsagents, while also showing the might of its construction arm.

Discount class action fresh headache for grocery giants

Discount class action fresh headache for grocery giants

Australia's two major supermarket chains say they will defend against class action lawsuits brought over allegations of misleading promotional price practices.

Coles and Woolworths buy big independents to help protect dominance, IGA says

Coles and Woolworths buy big independents to help protect dominance, IGA says

Major supermarkets’ takeover strategy prevents smaller grocers from growing into stronger competitors, inquiry hears

The Guardian - AU

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IGA talks shop over cheaper prices at supermarket probe

Bosses of the company supplying independent grocers say prices are consistently coming down, benefiting customers and their stores.

Expert rejects supermarket land banking concerns

A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.

More challenging market in months ahead, Metcash warns

Challenging conditions will remain ahead of Christmas as consumers tighten their belts, IGA supplier Metcash has told shareholders.

Fines of $10 million will force supermarkets to think carefully before exploiting suppliers, but more could have been done

Suppliers of food and other products have been complaining for years about their treatment at the hands of Woolworths, Coles and Australia’s other big supermarket chains, although rarely to the supermarkets themselves – perhaps, as suggested in a recent Four Corners program, because they feared retribution.

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Supermarkets could face billions in fines for grocery code breaches as Labor commits to reforms

Supermarkets could face billions in fines for grocery code breaches as Labor commits to reforms

Government to adopt recommendations of conduct review in full amid consumer and supplier complaints about soaring profits

The Guardian - AU

Albanese government will impose mandatory code and big penalties to stop supermarkets treating suppliers badly

Albanese government will impose mandatory code and big penalties to stop supermarkets treating suppliers badly

Supermarkets guilty of anti-competitive behaviour towards suppliers will face large penalties under a mandatory Food and Grocery Code of Conduct the Albanese government will implement.

The Conversation

Metcash to acquire Superior Food, 2 hardware businesses

Metcash to acquire Superior Food, 2 hardware businesses

IGA supplier Metcash will buy Superior Food, Bianco Construction Supplies and Alpine Truss for a total of around $558 million.

ASX notches gain as investors swarm back to stocks

ASX notches gain as investors swarm back to stocks

The ASX200 has climbed 0.7 per cent as investors feel more confident global central banks will stop tightening rates earlier than previously thought.

Aussie supermarkets failing in war on plastic: audit

Aussie supermarkets failing in war on plastic: audit

Australian supermarkets have been given an F for fail on plastic waste reduction, with an audit detailing some disturbing practices.

Coles supermarket, Jeff Kennett slammed by government grocery reviewer

Coles supermarket, Jeff Kennett slammed by government grocery reviewer

The supermarket watchdog has slammed former Victorian premier Jeff Kennett, in his role as an arbiter between Coles and its suppliers, for "flawed" decision-making and failing to comply with its directions.

Metcash lifts FY profit amid inflation

Metcash lifts FY profit amid inflation

Metcash's full-year sales have risen 6.4 per cent to $17.4 billion, while underlying earnings jumped 17.7 per cent to $472.3 million.

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