Woolworths Limited has reported group sales of $59.2 billion for the past financial year, saying that, despite consumer uncertainty, the retailer is undergoing "transformation" and seeing solid growth.
Woolworths revealed that its Masters home improvement business is hemorrhaging money, losing almost $160 million before interest and tax.
Bunnings is set to embark on an ambitious growth strategy in the coming years, with the hardware retailer planning to open more than 60 Bunnings Warehouse stores across Australia over the next three years.
Home improvement retailer Masters has launched an iPhone app to provide real-time customer service.
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.
Woolworths Limited and Mirvac opened a $250 million DC consisting of two huge sheds with the latest technology that the company says will take retail logistics to the next level.
The joint Woolworths and Lowe’s venture has implemented Oracle Retail Merchandising, Supply Chain and Stores application to manage its core retail operations.
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
Woolworths has produced what has been described as "solid" half-year results with sales reaching $29.7 billion, a 5 per cent increase on the previous year.
Continuing its expansion across the country, Masters Home Improvement has opened its first NSW store in Gregory Hills, a south western suburb of Sydney.
It food and liquor sales for the first quarter saw sales increase 4.4 per cent to $9.7 billion but it wasn't enough to beat Cole's 5.2 per cent increase.
Queenslanders will be hit with the opening of three Masters Home Improvement stores within a 24 hour period and a fourth one a week later.
Woolworths will spend up to $100 million rolling out its Masters big box outlets during the 2012 financial year, with 15-to-20 warehouses planned per year.
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.