Yes I like their 50 reasons to visit Masters. I am excited about Masters I feel its a good strategy, Lowes envolvement derisks the move into hardware. I also believe they have confidence in their supplier relationships by offering a guarantee "find it cheaper we will beat it by 10%" - The point being they are confident you won't find the same branded product cheaper, again this has come about through leveraging Lowes buying power.
Bunnings have had a 10 year party with weak competition. The nearest competitor (Mitre 10) has 4% market share, roughly 1/5 the market penetration of Bunnings. Bunnings have had Revenue and EBIT growth of 10%pa + over the last 10 years. Its a market ripe for Woolworths to muscle into and place pressure on smaller independent players.
Early1 you are correct in some Masters stores opening with McDonalds/McCafes attached including a kids playground - clever strategy IMO.
The stores have also been developed to be more female friendly than the competitors.
masters - read for a laugh!, page-2
Add WOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$35.68 |
Change
-0.050(0.14%) |
Mkt cap ! $43.58B | |||
| Open | High | Low | Value | Volume |
| $35.87 | $35.88 | $35.45 | $137.1M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6223 | $35.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.69 | 617 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WOW (ASX) Chart |