WOW 0.26% $35.06 woolworths group limited

*afr weekend mentioned WOW getting into hardware*davo77 also...

  1. 961 Posts.
    *afr weekend mentioned WOW getting into hardware
    *davo77 also mentioned - not sure of source?

    found three names
    Stratco
    Thrifty
    Home

    Stratco are private SA firm.
    Historically, roofing supply company, then moved into handyman stores.
    National presence now, emerging brand

    Thrifty and Home are owned by Danks
    National outlets - well known
    market cap $50million (or WOW pocket change)

    NOTE: attached indicates Danks demonstated interest in hooking up with a big boy.

    http://www.insideretailing.com.au/Latest/tabid/53/ID/1011/categoryId/55/Collapse-of-Mitre-10-and-Danks-merger-talks-gives-Wesfarmers-a-reason-to-smile.aspx
    also

    also,
    found Sunshine hardware - Mitre10 already taken

    http://www.insideretailing.com.au/Latest/tabid/53/ID/2791/Mitre-10-buys-stake-in-Qld-hardware-retailer.aspx

    Questions of anyone who has followed WOW
    1. Are they serious about hardware? Would they take on Bunnings and Mitre10?
    2. I assume they wouldn't start own brand. Their history says otherwise to me.
    3. Are there any other Hardware stores I haven't listed. (I don't think they would go smaller - no point - might as well start own brand)


    I come from building - I know Stratco well - family co. maybe interested. But haven't really established name yet.
    Danks - not heard of until I sourced behind Home Hardware.

    Any thoughts?

 
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