Metcash pays the price in the supermarket duel

Metcash's fortunes have taken a hit as the battle between Coles and Woolworths intensifies. It needs sales growth to boost its bottom line, but it won't be easy in a deteriorating retail environment.

It is far too early to tell whether Ian Morrice’s five-year and $675 million plan to arrest the decline in Metcash’s core food and grocery division’s fortunes is gaining any traction. Today’s results, however, do confirm the need for a major restructuring of that business.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles