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Metcash to spend $375m to underpin growth
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Wholesaler Metcash will spend $375 million over the next three years refurbishing stores, expanding e-commerce and improving its prices and range to retain the new customers it won from Coles and Woolworths during the pandemic.
About $65 million of the new capex, which was unveiled on Tuesday as part of a reset of Metcash’s five-year MFuture growth strategy, will be spent expanding the wholesaler’s fledgling online food and liquor businesses, future-proofing its independent retailer network amid an accelerating shift to e-commerce.
Metcash IGA retailers have retained the new customers they won during the pandemic.