Metcash Shares Crash Despite Shoppers Returning to IGA

 In Aldi, Australia, Coles, Metcash/IGA, NewZealand, Woolworths
IGA supplier Metcash’s strategy of matching Coles and Woolworths’ prices on key items and refurbishing stores is seeing shoppers return to the independent grocery chain but the company is increasingly concerned  about the threat of competitors such as Aldi.
The IGA network saw same-store sales grow 1.4 per cent last year off the back of the investment, marking a fourth period of sales growth in a row.Sydney Morning Herald – Read more…

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