Masters is finally closing mid December.

TheEnd said:
Skyrocket said:
The end is near
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It sure is!

And where are Woolworths going to re-place all these Masters workers jobs?
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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
 
Old Codger said:
The day I first read of the 'Masters' plan I sad 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
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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
 
TheEnd said:
It sure is!

And where are Woolworths going to re-place all these Masters workers jobs?
Click to expand...

Eleven months after the collapse of Masters, nearly $1 billion has been spent transforming the “tumbleweeds” into a major new retail player taking the fight to the shopping centres.

Home Consortium, founded by former UBS investment banker David Di Pilla and backed by a group of wealthy families, last year spent around $725 million buying up 61 former Masters sites from Woolworths.

Since then, another $250 million has been spent transforming 40 of those sites into large-format warehouse-style shopping centres, with major retailers including Coles, Woolworths, Chemist Warehouse, JB Hi-Fi, Nick Scali and Toys ‘R’ Us piling in.
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“Inside of 11 months (there is) a vibrant new retail entrant into the market in Australia. One quarter of a billion dollars in capital is being spent, positioned in some of the best growth corridors in the country, we estimate over 5000 new jobs.”
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