Value Investor: Metcash in for the long haul

Metcash is part-way through a costly plan to refurbish its stores and price match major supermarkets as it battles a consumer shift toward value over convenience -- but will it be enough?

Wholesale grocer Metcash Limited (ASX: MTS) faces intense competitive pressures, which have prompted a costly strategic initiative to reposition the business for the long-term.

Significant execution risk surrounds the implementation of these changes and it remains to be seen how successful they will be in improving MTS’s earnings and profitability.

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