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Metcash profits decline as supermarket war creates ‘tough market conditions’
date:Jun 26, 2014
g environment that remained difficult. In particular, it said the effects of ongoing deflation (estimated to be 1.4 per cent for grocery), rising utility costs, a highly value-driven consumer and excessive fuel discounting by the two large grocery chains had adversely impacted operating leverage.

Metcash said its Food and Grocery segment was also impacted by the closure of 25 Franklins stores and a reduced teamwork score from the converted stores. The tough trading conditions for the Food and G

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