Wesfarmers’ Bunnings chain recently acquired UK retailer Homebase. Predictions the company has made a mistake of Masters’ magnitude are probably wrong. Show More
Masters
Supermarket giant Woolworths (ASX: WOW) announced on Monday that it will exit the failing home improvement and hardware business Masters, by either selling or winding it down. After an extensive review, Chairman Gordon Cairns said it would take several years for Masters, which was established in 2011, to become profitable.... Show More
After significant speculation due to continued poor performance, Woolworths has finally decided to exit the hardware business. Woolworths CEO Grant O’Brien has announced today that they will seek to sell the struggling hardware chain, failing this, it will be closed. "Our recent review of operating performance indicates it will take... Show More
In part one of a three-part 'outlook' series we have picked five big issues that the markets will be following closely in 2016. In this new format six regular Livewire contributors give their view either True or False to each scenario. These are the topics covered: BHP will cut their... Show More
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This morning, Woolworths (ASX: WOW) announced growing losses from its Masters hardware stores. Whilst sales were up 24% to $930m, the chain lost $245.6m. Show More