Product costs have risen 20% across the board and still increasing, the cost of delivering has increased 35% just allowing for fuel.
intrest rates increasing which has pressure on the customer base and in turn reduces the number of active customers as they return to shopping for themselves to save money. (time poor or not the everyday joe blow is watching their money at the moment)
Huge discounts being given to try and negate customers skip rates are ineffective and just losses.
MMM is in a very bad spot at the moment.
MMM Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
