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
Bunnings managing director John Gilliam has denied that the investment has anything to do with the entry of Woolworths into the hardware market.
Woolworths has confirmed with Retailbiz that it has lodged a complaint with the ACCC over the behaviour of Wesfarmer's hardware retailer Bunnings.
IbisWorld predicts that thereâ€™ll be more than 300 retail superstores in Australia by 2015, generating $24 billion a year.
Woolworths-owned hardware group Danks has acquired two hardware businesses â€“ Magnet Mart and Flatman's Timber & Hardware.
The recent decision by the Victorian Government has helped fast track its hardware store plans.
The stores will be part of the first cluster of 'Project Oxygen' home improvement stores - a joint venture between Woolworths Limited and US retailer Lowe’s.
The $13 million development for the corner of Anambah Road and Mustang Drive, is expected to create between 130 and 150 jobs once complete.
The Victorian Planning Minister Justin Madden has rejected the supermarket giant's permit application and rezoning request in Geelong.
Woolworths says it's on track to securing 150 sites within the next five years as part of its plan to enter the $24 billion plus hardware retail sector.