26 November 2013
THE Macleay Regional Co-operative is approaching another crossroads, its chief executive officer said this week.
The future of its core business – the IGA Supa store in the centre of Kempsey – is in doubt, because of the market dominance of national supermarket chains, CEO Richard O’Leary said.
The Co-op also owns the IGA Xpress convenience store at South Kempsey and the Co-op Fitness Centre, as well as the Centrepoint Arcade in Kempsey’s CBD.
In the Co-op’s annual report, the CEO said the latest full-year results had not matched expectation and described the 2012-13 period as a “very disappointing financial year”.
Read more, Tough times leave Macleay Regional Co-op at crossroads, 22 Nov
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