Woolies is a great business, during good times and an almost great business during tighter times - either way, through the good and not-so-good times, WOW stock is a keeper! Regards the new hardware business, I like what I see, strong proven Australian retailer in Woolworths, partnering with a strong proven retailer in the hardware business, Lowes (USA).
In electronics, petrol and pubs/liquor Woolies has made these relationships work. The combined retail and industry knowledge of Woolowrths and Lowes now moving into the highly fragmented hardware marketplace spells real opportunity to me.
Just my opinion, but Woolworths for my money is about to add yet another susccessful string to its bow! Like shampoo, it won't happen overnight, but it will (highly likely) happen!
DYOR.
rethinking woolworths, page-21
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