AU: New Metcash boss to conduct operational review
This comes as the company’s flagship food and grocery division reported a drop in market share in the face of nationwide price deflation and a cut throat battle for shoppers between the major supermarket chains.
Although the market share decline was small and not uniform across all states it looks like Metcash has been outed as the main victim of the current price war between Woolworths and Coles, losing customers to the retailers and possibly newer retail entrants such as Aldi.
Mr Morrice, who will replace long serving Metcash CEO Andrew Reitzer at the end of the month, said the wholesaler needed to help its independent grocery stores drive better volume from its stores as new players such as Costco and Aldi snapped at its heels, while the established supermarkets, Woolworths and Coles, strengthened their offering with deep discounting.
Source: smh.com.au
