Wesfarmers intends to demerge its Coles division, with the aim being to transform the supermarket chain into a separate, top 30 company on the ASX so it can focus on growth opportunities for its remaining businesses. Commenting on the proposed demerger, which is subject to shareholder and other approvals, Wesfarmers Managing Director Rob Scott said […]
The first of Woolworths’ big-box hardware stores has opened for business, with consumers in the Victorian suburb of Braybrook the first to set foot in the 13,500 square-metre Masters store.
Woolworths has bought the Hardware.com.au domain name for over $33,000 as the supermarket chain prepares for the launch of its hardware warehouse big-box chain with Lowe’s hardware from the USA.
Woolworths joint venture with US hardware giant Lowe’s has been given planning approval by Victoria planning Minister Justin Madden for ten Woolworths hardware stores across Melbourne and in Ballarat.
Costco has blamed supermarket heavyweights Coles and Woolworths for slowing the retailer’s expansion in Australia, with chief financial officer and executive vice-president Richard Galanti claiming competition for bulk-goods retail sites in Australia was fierce.
Bunnings plans to spend $600 million in NSW over the next three years including a 20,000m² Bunnings Warehouse in Alexandria which will be the largest home improvement store in Australia, creating over 255 permanent jobs.
Bunnings Warehouse has fired the first salvo in its war against soon to be rival Woolworths in a joint venture with Lowe’s, accusing it of circumventing planning and zoning laws.
You have reached the end!
