Home Timber and Hardware likely to be biggest loser from the struggles of Masters
Woolworths’ announcement it will sell or close its embattled joint venture Masters hardware chain captured headlines but it is the smaller, more successful Home Timber and Hardware chain that looks set to be the big loser.
With American giant Lowes pulling out of the joint venture, Woolworths plans to abandon the sector – a move likely to see the Masters brand disappear from the landscape.
But while Masters has bled more than $600 million from the business, Home Timber and Hardware has been a profitable part of the business and Woolworths will come under pressure to maintain marketing for the brand and continue to support franchise and store owners who license the brand and contribute to the marketing pool.
Bunnings looks to spead it’s wings to the UK
http://www.theguardian.com/bus.....takes-over
http://www.theguardian.com/bus.....-australia
They opened 58 Masters stores and not one of them was profitable. You would imagine they might get the format right before they roll them out next time.
Best living example of the board room big swinging dick decision making in ages. Wesfarmers may be headed down that same thought process in the UK
Home need to better leverage the mascot dogs. They are so cute and kids would love them. Big stuffed toys should be available at stores. Make kids force their parents to go with pester power.