the contentious issue here seems to be the actual definition of market share.
OK- Mitre 10 got small change with the purchase of Home Timber and Hardware, but Bunnings got the cream with 15 Masters sites.
look any fool can see that the Masters stores that were not snapped up by Bunnings, will be one less thorn in the side for Bunnings.
that's why the ACCC must step in.
ps- the definition of market share is % revenue of the whole hardware sector in OZ land.
even Blind Freddie has a strong hunch that Bunnings are way over the 50% limit.
also just a passing thought-Amazon's influence can't be substantiated with fact, but turning a blind eye to a very possible reality does not bode well for your investment IQ.
cheers crazypunter
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