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.

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