Metcash Warns On Hardware Slowdown

The building (especially housing and renovations) slowdown continues to grab leading retail chains. Shares in independent grocer (IGA) and hardware group (Mitre 10) Metcash have dipped 3% to a day’s low of $2.75 yesterday after the annual meeting was told that growth in the hardware division had slowed in the first quarter which ended July 31.

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