Australian Politics Forum - Woolworths to exit Masters

greggerypeccary Gold Member Offline Australian Politics Posts: 150690 Gender:	Woolworths to exit Masters Jan 18^th, 2016 at 9:55am As predicted. "Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain." http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Woolworths to exit Masters Reply #1 - Jan 18^th, 2016 at 9:58am inevitable
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greggerypeccary Gold Member Offline Australian Politics Posts: 150690 Gender:	Re: Woolworths to exit Masters Reply #2 - Jan 18^th, 2016 at 10:17am I doubt they'll find many workers a new position in Woolworths stores. Looks like more redundancies coming. Not a good way to start the year.
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Sprintcyclist

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Re: Woolworths to exit Masters
Reply #3 - Jan 18^th, 2016 at 10:21am

greggerypeccary wrote on Jan 18^th, 2016 at 9:55am:

As predicted.

"Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain."

http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...

they are having troubles exiting from masters.

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greggerypeccary

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Re: Woolworths to exit Masters
Reply #4 - Jan 18^th, 2016 at 10:30am

Sprintcyclist wrote on Jan 18^th, 2016 at 10:21am:

greggerypeccary wrote on Jan 18^th, 2016 at 9:55am:

As predicted.

"Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain."

http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...

they are having troubles exiting from masters.

If they can't sell the business, they'll close it down.

The workers will become redundant.

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cods

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Re: Woolworths to exit Masters
Reply #5 - Jan 18^th, 2016 at 10:47am

Sprintcyclist wrote on Jan 18^th, 2016 at 10:21am:

greggerypeccary wrote on Jan 18^th, 2016 at 9:55am:

As predicted.

"Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain."

http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...

they are having troubles exiting from masters.

I dont even know why they took that road...I mean Bunnings have got it down pat... and a lot of that stuff has a low mark up margin.... and a lot is low turn over..

I would think everywhere is doing it a bit tough to be honest... you dont see the crowds like you used too.. and half the registers are never working..

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mariacostel Gold Member Offline Australian Politics Posts: 7344 Sydney Gender:	Re: Woolworths to exit Masters Reply #6 - Jan 18^th, 2016 at 12:02pm I wonder if bunnings wil buy up some of the stores dirt-cheap.
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Gnads

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Re: Woolworths to exit Masters
Reply #7 - Jan 18^th, 2016 at 1:37pm

cods wrote on Jan 18^th, 2016 at 10:47am:

Sprintcyclist wrote on Jan 18^th, 2016 at 10:21am:

greggerypeccary wrote on Jan 18^th, 2016 at 9:55am:

As predicted.

"Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain."

http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...

they are having troubles exiting from masters.

I dont even know why they took that road...I mean Bunnings have got it down pat... and a lot of that stuff has a low mark up margin.... and a lot is low turn over..

I would think everywhere is doing it a bit tough to be honest... you dont see the crowds like you used too.. and half the registers are never working..

You think? They have cheap chinese shyte that you can buy elsewhere cheaper.

Go in and price a Lawn Mower at Bunnings ..... they are dear as poison ....

you can buy a self propelled push type lawn mower with a Briggs & Stratton motor online for half the price of their push mowers.

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innocentbystander. Gold Member Offline Australian Politics Posts: 4723 Gender:	Re: Woolworths to exit Masters Reply #8 - Jan 18^th, 2016 at 2:27pm They need to put in some pokies.
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Sir lastnail

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Re: Woolworths to exit Masters
Reply #9 - Jan 18^th, 2016 at 2:35pm

cods wrote on Jan 18^th, 2016 at 10:47am:

Sprintcyclist wrote on Jan 18^th, 2016 at 10:21am:

greggerypeccary wrote on Jan 18^th, 2016 at 9:55am:

As predicted.

"Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain."

http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...

they are having troubles exiting from masters.

I dont even know why they took that road...I mean Bunnings have got it down pat... and a lot of that stuff has a low mark up margin.... and a lot is low turn over..

I would think everywhere is doing it a bit tough to be honest... you dont see the crowds like you used too.. and half the registers are never working..

Rubbish !! They say they will beat any price except if it's online where the real prices are !!

But still they are handy and that's why you pay more.

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Sir lastnail

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Re: Woolworths to exit Masters
Reply #10 - Jan 18^th, 2016 at 2:38pm

mariacostel wrote on Jan 18^th, 2016 at 12:02pm:

I wonder if bunnings wil buy up some of the stores dirt-cheap.

Most of the masters stores are located next door or across the road to bunnings. Obviously a strategy to take away some of the customers from bunnings but it didn't have the effect they expected. Also bunnings have dolled up their stores buy tidying everything up and polishing their rough concrete floors.

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« Last Edit: Jan 18^th, 2016 at 2:58pm by Sir lastnail »

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Sprintcyclist

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Re: Woolworths to exit Masters
Reply #11 - Jan 18^th, 2016 at 2:45pm

cods wrote on Jan 18^th, 2016 at 10:47am:

Sprintcyclist wrote on Jan 18^th, 2016 at 10:21am:

greggerypeccary wrote on Jan 18^th, 2016 at 9:55am:

As predicted.

"Woolworths has surrendered its attempt to enter the home improvement and hardware business by today announcing it will offload its failing Masters chain."

http://www.abc.net.au/news/2016-01-18/woolworths-to-exit-masters-hardware/709485...

they are having troubles exiting from masters.

I dont even know why they took that road...I mean Bunnings have got it down pat... and a lot of that stuff has a low mark up margin.... and a lot is low turn over..

I would think everywhere is doing it a bit tough to be honest... you dont see the crowds like you used too.. and half the registers are never working..

Yes, bunnnings run a good shop.
A tough competitor, run by Wesfarmers.
Open up against them, you have your work cut out for you.

I only went into a masters twice, did not like them.
Woolies did not do proper market research there.

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Modern Classic Right Wing

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Sir lastnail Gold Member Offline Australian Politics Posts: 30900 Gender:	Re: Woolworths to exit Masters Reply #12 - Jan 20^th, 2016 at 10:41am Did anyone see the grand sale planned for masters on ACA ? Looks like another dicksmith sale to get people in the door.
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Kytro Gold Member Offline Blasphemy: a victimless crime Posts: 3409 Adelaide Gender:	Re: Woolworths to exit Masters Reply #13 - Jan 20^th, 2016 at 10:43am Woolworths basically wasn't willing to take the risk any longer. They would have become profitable, but it would have taken too much time, and with Woolworths already struggling they decided it was too long a wait.
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Sir lastnail

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Re: Woolworths to exit Masters
Reply #14 - Jan 20^th, 2016 at 10:48am

Kytro wrote on Jan 20^th, 2016 at 10:43am:

Woolworths basically wasn't willing to take the risk any longer.

They would have become profitable, but it would have taken too much time, and with Woolworths already struggling they decided it was too long a wait.

what are they going to do with the stores ? Turn them into yuppy apartments for the chinese. How ironical.

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« Last Edit: Jan 20^th, 2016 at 10:56am by Sir lastnail »

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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