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Masters Home Improvement was an Australian home improvement chain operated by two retailers; Woolworths [2] and Lowe's. It was established as a way for Woolworths to enter the hardware retail market, which has been historically dominated by Bunnings, owned by their competitor Wesfarmers. These two companies also compete with each other with ...
As of Oct. 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America. [ 5 ] Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by the Home Depot in 1989) behind rival the Home Depot and ahead of Menards . [ 6 ]
Danks was acquired by a joint venture of Woolworths Group and Lowe's in 2009. [2] In 2016, Home Hardware and Thrifty-Link Hardware were sold to Metcash in a $165 million deal as part of Woolworth's decision to drop out the hardware industry. [3] Stores are independently owned and operated and Home has 189 stores across Australia. [4]
These were later either closed or turned into large-concept Mitre 10 stores. In 2011 Masters Home Improvement entered the market and opened more than 49 stores, with an average footprint of 13,500 m 2. Masters Home Improvement, which was the second-largest hardware chain in Australia, closed in December 2016. [4]
During 2009, Woolworths and American retailer Lowe's purchased Danks Ltd [41] owners of the Home Timber and Hardware brand and then entered into a joint venture to launch a new hardware brand named Masters Home Improvement. The first of these stores were opened to the public in Braybrook, Melbourne, Victoria, on 1 September 2011. [42]
After the acquisition, the first Bunnings Warehouse was opened on August 24, 1994 in the Melbourne suburb of Sunshine. [12] Present at the official opening were the Victorian premier Jeff Kennett, American actor Richard Karn [citation needed] who played Al Borland on the television sitcom Home Improvement, and Joe Boros, the managing director ...
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