HARDWARE STORES – AUSTRALIA

Bunnings: still ‘plenty of room to grow’

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Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 11-Mar-15

Citigroup notes that Australia now boasts significantly more hardware stores per capita than the US and the UK. Wesfarmers-owned Bunnings aims to open 20 new stores annually over the next two years. Citigroup warns that Bunnings’ margins are likely to be affected by its growing market penetration, but Bunnings MD John Gillam argues that the group only has a 17 per cent share of the home improvement market at present

CORPORATES
WESFARMERS BUNNINGS LIMITED, WESFARMERS LIMITED – ASX WES, CITIGROUP PTY LTD, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, METCASH LIMITED – ASX MTS, MITRE 10 LIMITED, THE HOME DEPOT INCORPORATED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, COLES GROUP LIMITED, ALDI STORES SUPERMARKETS PTY LTD

Bunnings undiminished, but the battle’s on for silver

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 15-Sep-14

A Roy Morgan Single Source survey has found that more than nine million Australians aged 14+ shopped at Bunnings in an average four-week period in the year to June 2014. The survey also shows that in the last two years, the number of shoppers visiting a Masters hardware store has risen from 400,000 in an average four weeks to more than 1.2 million. However, the number of people shopping at Mitre 10 has fallen by an average of more than 100,000 annually since 2010

CORPORATES
ROY MORGAN RESEARCH LIMITED, WESFARMERS BUNNINGS LIMITED, WESFARMERS LIMITED – ASX WES, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, MITRE 10 LIMITED, METCASH LIMITED – ASX MTS, HOME HARDWARE

Woolies under pressure over Masters

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Original article by Sue Mitchell
The Australian Financial Review – Page: 20 : 16-Jul-14

Woolworths’ home improvements division posted a loss of $A139m in 2013, and financial market analysts expect the business to post higher losses in 2014 and 2015. Woolworths itself has forecast that the Masters hardware chain will achieve break-even status in 2016, but Goldman Sachs recently suggested that 2019 is more likely. There are also expectations that Woolworths’ 2013-14 financial results will include impairment charges related to the Masters business

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, LOWE’S COMPANIES INCORPORATED, HOME TIMBER AND HARDWARE, WESFARMERS BUNNINGS LIMITED, WESFARMERS LIMITED – ASX WES, MITRE 10 LIMITED, METCASH LIMITED – ASX MTS, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED