Australian Politics Forum - Bunnings going o/s

bogarde73

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Bunnings going o/s
Jan 14^th, 2016 at 9:32am

Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves.

This is a positive move, as opposed to their usual strategy of expanding market share here.
Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands.

http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-...

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Redmond Neck Gold Member Offline OzPolitic Posts: 21682 ACT Gender:	Re: Bunnings going o/s Reply #1 - Jan 14^th, 2016 at 9:55am Good move, lets hope they succeed! I saw a Harvey Norman store over there some years ago.
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Gnads Gold Member Offline Australian Politics Posts: 29863 Gender:	Re: Bunnings going o/s Reply #2 - Jan 14^th, 2016 at 10:17am Some of the Big 4 banks have lived to regret their expansion into the UK & other locales overseas
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Sun Tzu

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Re: Bunnings going o/s
Reply #3 - Jan 14^th, 2016 at 10:43am

bogarde73 wrote on Jan 14^th, 2016 at 9:32am:

Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves.

This is a positive move, as opposed to their usual strategy of expanding market share here.
Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands.

http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-...

Might bankrupt them if UK economy turns down sharply. They evidently believe there will be a spending splurge following recent floods. However, it depends on how much they paid and whether there is sustained profitability.

I suspect few foreign companies have succeeded in the UK market.

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bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: Bunnings going o/s Reply #4 - Jan 14^th, 2016 at 10:43am Yep they have, but I think they bought into already troubled banks in a troubled industry in the UK. Retail hardware is probably a different proposition.
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Sir lastnail

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Re: Bunnings going o/s
Reply #5 - Jan 14^th, 2016 at 11:25am

bogarde73 wrote on Jan 14^th, 2016 at 9:32am:

Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves.

This is a positive move, as opposed to their usual strategy of expanding market share here.
Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands.

http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-...

they only resell made in china stuff so what's the big deal about what they do ?

remember what happened to ABC learning centers when they tried to expand to fast into the US market !!

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Sun Tzu

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Re: Bunnings going o/s
Reply #6 - Jan 14^th, 2016 at 12:28pm

Sir lastnail wrote on Jan 14^th, 2016 at 11:25am:

bogarde73 wrote on Jan 14^th, 2016 at 9:32am:

Wesfarmers, the owners of Bunnings, are poised to take over Homebase in the UK, a huge chain of DIY & hardware retailers like themselves.

This is a positive move, as opposed to their usual strategy of expanding market share here.
Hopefully it brings home foreign profits and doesn't get shuttled off to the Cayman Islands.

http://www.smh.com.au/business/retail/bunnings-stores-set-to-roll-out-in-the-uk-...

they only resell made in china stuff so what's the big deal about what they do ?

remember what happened to ABC learning centers when they tried to expand to fast into the US market !!

Bunnings has an opportunity to corner the UK market for industrial grade Map of Tassie Merkins.

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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Bunnings going o/s Reply #7 - Jan 14^th, 2016 at 12:32pm Bit harsh Sir Last Nail, at least its an Australian Company expanding instead of selling out
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perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: Bunnings going o/s Reply #8 - Jan 14^th, 2016 at 12:57pm Well, WE have already started "the long collapse", But things are set to get a lot worse in 2016 & for "some time" to come. So, the timing of Bunnings expanding overseas could be worse, BUT I can't think how!
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Gnads Gold Member Offline Australian Politics Posts: 29863 Gender:	Re: Bunnings going o/s Reply #9 - Jan 14^th, 2016 at 5:57pm red baron wrote on Jan 14^th, 2016 at 12:32pm: Bit harsh Sir Last Nail, at least its an Australian Company expanding instead of selling out Come on Baron ... an aussie company that only flogs cheap chinese shyte at an inflated price.
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