Woolworths have finally sold Masters to various customers and will be finally closed by mid December apparently. http://www.heraldsun.com.au/busines...e/news-story/aa80071acc125f1cde61db2ef0ff8a68
Why would Woolworths replace those jobs? They are gone. Maybe some workers can apply for a job at Bunnings?
The day I first read of the 'Masters' plan I said to SWMBO that it will "end in a disaster". Much like the 100lb weakling taking on a 500 lb gorilla and expecting to come out alive. JMO OC
The day I saw them building a Masters store across the road from a Bunnings store I thought their strategy was dumb. There was not enough room in my area for two stores to prosper, then I learned Masters was doing that elsewhere too. People are used to Bunnings stores and they are not going to jump to Masters for no good reason and they didn't have one.
I have read that as soon as Bunnings heard of the 'Masters' idea they (Bunnings) spent a fortune on buying up ALL the sites that could be advantageous to Masters, and left them without a viable base. OC