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Tag: bunnings
Woolworths' hardware chain Masters gains some ground on Bunnings in WA
2015-10-20 22:49:01| Agriculture - Topix.net
Woolworths' struggling hardware chain, Masters, is one of the biggest winners from a West Australian government decision to expand shopping hours in Perth. Masters has been less able to compete with rival Bunnings because of anomalies in the trading laws, which allow the Wesfarmers-owned chain to open earlier and snare lucrative trade traffic.
Tags: hardware
ground
chain
wa
How Bunnings is pulling a swifty on us
2015-10-17 11:14:58| Grocery - Topix.net
MASTERS is flailing, while Bunnings is pulling out all the stops to dominate. But everyone will feel the pain if Masters collapses.
Coles, Bunnings and Kmart fuel retail sales growth at Wesfarmers
2015-04-29 05:01:03| Agriculture - Topix.net
Perth-based conglomerate Wesfarmers continues to take market share from arch-rival Woolworths, lifting retail sales by a higher-than-expected 3.3 per cent to $13.12 billion in the three months ended March as strong sales growth at Bunnings, Kmart, Coles and Officeworks offset weakness in liquor stores, petrol stations and Target. Wesfarmers managing director Richard Goyder described the retail sales growth, which exceeded market forecasts of 2.5 per cent, as pleasing.
Tags: sales
growth
retail
fuel
Bunnings growth at risk as market reaches saturation: Citigroup
2015-03-10 08:05:40| Agriculture - Topix.net
Bunnings managing director John Gillam has dismissed concerns about the retailer's strategy of dominating the $43 billion home improvement market and squeezing out rivals by opening new stores in a saturated market. Investment bank Citigroup said Wesfarmers-owned Bunnings already has too many stores and margins are likely to come under pressure if it presses ahead with plans to open 20 stores a year for the next two years, twice the number of new stores planned by Woolworths' Masters big-box chain and Metcash's Mitre 10 network.
Tags: market
growth
risk
reaches
Bunnings triples annual profit in NZ as pickup in construction spurs demand
2014-12-10 05:45:02| Agriculture - Topix.net
Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products. The New Zealand unit of the diversified Australian company reported profit of $4.9 million in the year ended June 30, from $1.1 million a year earlier, according to financial statements lodged with the Companies Office.
Tags: construction
annual
demand
profit