Future of loss-making hardware chain in serious doubt.
Woolworth-owned business should move into home decoration, says expert.
Masters all zoned out.
A special taskforce has been formed to oversee the recall of Infinity brand electrical cables, after it was discovered that the 'poor quality' plastic insulation coating failed electrical safety standards.
Woolworths has revealed that its Masters business lost $176 million during the 2014 financial year, bringing its total loss for the past two financial years to just under $333 million.
Supermarket giant Woolworths has achieved a 4.5 per cent increase in first quarter sales for the 2014 financial year.
After opening in New South Wales and Victoria, Costco is bringing the big box retail battle to Queensland with the opening of a store in North Lakes, north of Brisbane. With a number of other big box retailers nearby, the warehouse battle is just beginnin
Woolworths continues to focus on its strategic priorities, which were initially outlined in 2011, as it continues to see good momentum in its results.
Despite reporting losses in its Masters business, Woolworths has still managed to come out on top for the full year of 2013 achieving a net profit of $2.25 billion.
Woolworths revealed that its Masters home improvement business is hemorrhaging money, losing almost $160 million before interest and tax.
Hardware giant Bunnings has long been a key player in the home improvement space but since Woolworths-owned Masters Home Improvement entered the market it has changed things up. Or has it?
Home improvement retailer Masters has launched an iPhone app to provide real-time customer service.
Woolworths continues to run second after Coles following the release of the grocery giant’s first half year sales results.
Masters Home Improvement has opened its 24th store in Australia nearly five months ahead of schedule.
The ongoing difficulty of Woolworths and its joint venture partner Lowe's to establish its Masters big box hardware and appliance warehouses in Australia took another turn when the ACCC confirmed it would oppose its acquisition of a existing competitor in
Woolworths home improvement chain Masters will be opening new warehouses in along the Eastern Seaboard over the next few months, including a new store in Sydney, where it has struggled to find suitable locations.
Masters has just launched masters.com.au, an online store offering a huge range of DIY products for home delivery.
The joint Woolworths and Lowe’s venture has implemented Oracle Retail Merchandising, Supply Chain and Stores application to manage its core retail operations.
Woolworths’ net profit after tax has dropped more than 16 per cent to $966.9 million, as a result of the Dick Smith restructure but said there are plans for future grwoth in the home improvement market.
The first Masters store for the ACT region will join other Woolworths-owned retailers including Dick Smith and Big W when it opens its doors around the corner from Costco
Continuing its expansion across the country, Masters Home Improvement has opened its first NSW store in Gregory Hills, a south western suburb of Sydney.
The highly anticipated joint venture project between Woolworths and US company Lowe's finally opened its first doors last week in Braybook, Melbourne.
The relocation of Danks’ Victorian distribution centre, which was to be a shared facility with Masters Home Improvement, has been deferred to June 2013.
Bunnings may have sausage sizzle stands outside its doors but Masters Home Improvement will have whiffs of French fries, Big Mac's and cheeseburgers coming from within its stores.
Woolworths and US chain Lowe's announced it as the brand that will help make their entrance into the $42 billion Australian home improvement sector.