Metcash result to show effect of discounting
All eyes will be on Metcash this week, when the perennial understudy to Coles and Woolworths releases its full-year results tomorrow.
All eyes will be on Metcash when the independent grocer supplier and operator releases its full-year results tomorrow.
After the grocery wholesaler drew the curtain on one of its most challenging years since Metro Cash & Carry’s takeover of the former Davids Holdings in 1998, the resurgence of the Wesfarmers-owned Coles and the growth of overseas discounters Aldi and Costco have led to an escalation in grocery discounting.
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