Metcash brainstorming possible corner store low pricing with suppliers
Australian grocery wholesaler Metcash has been brainstorming the concept of offering low pricing through Australian corner stores with its suppliers.
As discussed with Australian Food News by a Metcash spokesperson, Metcash has recently presented “discussion and talking points” to its suppliers regarding the possibility of Australia’s corner stores offering low priced grocery items.
Metcash’s spokesperson however said the discussion and talking points are in no way reflective of any strategy Metcash has committed to.
The presentation was first reported by The Australian on 16 April 2018 after it was obtained by The Australian.
News of the presentation comes after Metcash reported a 20 per cent drop in profit after tax for its 2017 financial year.
When releasing the results, Metcash attributed the profit fall to its acquisition of Home Timber and Hardware and investment in its Working Smarter transformation plan.
Working Smarter was first launched by Metcash in 2015 to “make it simpler for customers and suppliers to do business with Metcash and to reduce our cost of doing business”.
In late December 2017, Metcash reported that its food sales for the first half of its 2018 financial year had dropped 1.4 per cent on its first half 2017 results.
Metcash attributed this fall to significant investment in price and promotion among its competitors.
Competitors expansion, particularly into South Australia and Western Australia, were also listed as a challenge.
In July 2017, Metcash announced that former Tesco executive, Jeff Adams would be taking over as CEO as of late 2017.
- Metcash profits drop 20 per cent, CEO to retire
- Metcash feels the effects Aldi’s expansion into SA and WA
- Former Tesco executive appointed Metcash CEO
The push into the convenience store sector by Australian supermarkets continues with Coles launching...
The French government has banned food service providers from offering free soft drink refills.
A US food testing laboratory has explained what America’s new nutrition panels will look like.
Woolworths is set to run in-store customer education on the new country of origin labelling laws.
A ‘pharmacy’ specialising in fresh foods has officially opened in the United States.
Australian soft drinks have higher levels of glucose sugar than US soft drinks a study has found.
Nespresso is bringing back one of its most popular coffee pods, ‘Tribute to Milano’.
Australian millennials are less likely to drink their elders a new Nielsen research study has found....