If I was a Woolworths shareholder, I would have been more than a little annoyed at their somewhat questionable strategy of going head to head with Bunnings.
I’ve spoken about it a few times, such as
Guess we will watch this space, but it isn’t good from a competition perspective, or challenging Bunnings customer service.
Update: I wonder what this is going to mean for Triton, seeing as they finally had just managed to negotiate their way back into a large box hardware store (and Bunnings historically have not wanted to take them on again after the GMC saga)? 901 tools (aka the old GMC) that was being sold again in Masters will be without a home too, and I am sure that will be true for many products. Not always a bad thing in the case of some brands.
Wonder if there will be a (very large) garage sale on the horizon?