PERTH, Australia — Britain’s first Bunnings store has aroused curiosity, but will take longer than expected to get in the black. The banner’s owner, Wesfarmers, bought out the UK-based Homebase chain last year with the intention of converting its stores to the Bunnings brand, a mainstay in Australia but a novelty to British shoppers. According to the Sydney Morning Herald, Wesfarmers CEO Richard Goyder has declined to promise that the UK and Ireland operation, which posted a $48 million AUD loss in the first half of the fiscal year, will turn a profit in the second.
UK’s first Bunnings piques interest
Most Recent
Most Read
TIMBER MART hosts buying show in Toronto
Fri, February 14th, 2025
JRTech adds “Well Made Here” designation to its electronic shelf tags
Fri, February 14th, 2025
Join Hardlines at DX3 Canada in Toronto
Fri, February 14th, 2025
Canadian Tire reports Q4 earnings jump
Thu, February 13th, 2025
TIMBER MART show kicks off today
Thu, February 13th, 2025
West Fraser shrinks its losses in 2024
Thu, February 13th, 2025
Ace Hardware enjoys record quarterly results
Thu, February 13th, 2025
Castle unveils estimating and design program
Thu, February 13th, 2025
Throwback Thursday: 25 years ago, RONA purchased Cashway
Thu, February 13th, 2025
Fake websites take advantage of Peavey closures
Wed, February 12th, 2025