Woolies to sell Masters confirmed, page-78

1. Bunnings sites have cost a lot less then the masters. Masters store are much larger and more expensive to construct.
2. Bunnings gives the customers the impression thats itcheap/discount store, even tho it isn't. People think bunnings is cheaper then masters
3. Masters trade account system is shit. Bunnings good, they do a surprisingly large amount of trades sales to builders.
4. Bunnings business model is very different to masters. my understanding is Masters buy stock to sell (a large portion from lowes in the states), bunnings operate a vendor display system.
5. Masters pay higher rents compared with bunnings.
6. Masters staffing is high for the number of customers, as the stores just aren't generating enough customers.