Metcash managed to lift profit 24% to $92.9 million in the first half despite a slump in sales at its IGA supermarkets. Food sales fell 1.4% to $4.36 billion and supermarket sales by 0.8% to $3.63 billion with “intense competition” in a tough market. “The first half results were very […]
Metcash today announced that Jeff Adams, a retail executive with long experience in supermarkets, will be the new CEO of the operator of the independent chain IGA. He will succeed Ian Morrice who notified the board of his intention to retire in 2018 after five years in the role. Adams […]
Up another 9%.
A blast at competitors.