WOW 0.00% $33.63 woolworths group limited

big box hardware store planning applications

  1. 366 Posts.
    http://www.dse.vic.gov.au/DSE/nrenpl.nsf/LinkView/E10E1FA9C17426F3CA2575B600162E0186737A2D8EF0DF03CA2572FF0025BB8C#priority

    here are details of the proposed sites.

    From one of the applications:

    The Oxygen Concept
    The ?Oxygen? concept can be best described as a large format
    Home Improvement store. The typical layout will generally consist a
    total floor area of approximately 13,000sqm (Trade Supplies,
    Restricted Retail, Landscape Gardening Supplies), with associated
    car parking.
    It is Woolworths? intention to roll-out approximately 30 new ?Oxygen?
    stores in Victoria over a period of 3 to 5 years. Subject to planning
    approval, it is Woolworths? aim to commence construction of their
    first store in July 2010, with the store scheduled to open by July
    2011.
    In terms of capital value, each store has an estimated
    investment/construction value of approximately $13million (or a total
    of $390million over 3 years for 30 Stores). Each store will employ
    approximately 130 to 150 staff (full time, part time and casual),
    equating to a total employment generation of 3,900 to 4,500 new
    jobs over 30 stores. Each store will generate approximately 377
    employment multipliers (including 186 direct jobs per store during
    construction), which equates to a further 11,310 employment
    multipliers over 30 stores.
    Given the quantum of investment proposed and level of
    employment to be generated, it is considered that the project rollout
    is of major economic importance to the state of Victoria.
 
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