the real problem with Bunnings in OZ is that with Masters gone, they are basically a monopoly.
the % of hardware market that they now occupy is way over the ACCC limits. in other words, they can't expand operations here.
but the only possible saving grace for WES is the UK, although the Brexit dilemma has only just started- we have Dutch elections coming up that could cause Brexit MK2.
OK- so now you will say that Bunnings can raise their prices here regardless. that's true to a certain extent, but people only renovate if prices are reasonable.
in other words- management aren't stupid.
cheers crazypunter
Richard Goyder's Time as CEO, page-92
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