Who is going to buy Masters?

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19th January 2016, 10:20 AM
Aaron IIA

Quote:

Originally Posted by bacicat

Not sure if anyone noticed but prices surged at our local Bunnings after the family owned hardware stores were forced out of buisness in this area.

I thought Bunnings had consistent prices accross all their stores, or at least accross an entire city. The whole city sees the same television advertisements showing the same everyday low prices.

Aaron
19th January 2016, 10:36 AM
Homestar

Quote:

Originally Posted by Aaron IIA

I thought Bunnings had consistent prices accross all their stores, or at least accross an entire city. The whole city sees the same television advertisements showing the same everyday low prices.

Aaron

Specuals and some high volume items yes, but store pricing is different from location to location, the same as Coles stores differ in price depending on where you live. Interestingly the prices are usually higher in the poorer areas and cheaper in the richer suburbs.

There's a reason they ask for your postcode on the website - it's not just so they can point you towards your nearest store.
19th January 2016, 10:47 AM
Homestar

Quote:

Originally Posted by mudmouse

I do recall having a chat with a worker at Bunnings. She said some of their guys work part time at Masters during summer, because it's air conditioned, and at Bunnings during winter. She said the feedback is that Bunnings is more oriented to help people, where Masters is more of a business... I think Bunnings got a head start that could never be overcome.

Yes, they are too entrenched in the market to be easily competed against. Service wise I found Masters to be better when our local store opened, but that didn't last long. Bunnings have upped their game a lot since Masters came to town - I think overall Bunnings has friendlier staff.

Quote:

Originally Posted by DoubleChevron

They put a massive masters store in ballarat. I've been up there a few times. It's more expensive than bunnings, seems to have less range and the quality is even worse. Every single time I've left without buying anything and driven down to bunnings wondering why I was stupid enough to go out to masters in the first place ..... again.

Masters, don't do "cheap", don't do even "average" quality and don't have a huge range. I don't know who there target market was, but it's business model was no good from day one. You can't be more expensive than the opposition and have less range and ****tier quality. It just won't work.

seeya,
shane L.

Despite me liking Masters as well as Bunnings, I too have always wondered how they can have such huge stores and have nothing in them I want. I like going to Masters as it's more open - and less people :p. Some of their stuff is priced ok but I don't think either of these stores is what you'd call cheap by any stretch.

The business model was based on appealing to Women - they must have got that at least a bit right as SWMBO will happily go to Masters but refuses point blank to step foot in a Bunnings store. I think the biggest problem with that business model is that (without being sexist) men do far more home improvement stuff than women do.
19th January 2016, 02:07 PM
landy

Quote:

Originally Posted by bacicat

The business model was based on appealing to Women - they must have got that at least a bit right as SWMBO will happily go to Masters but refuses point blank to step foot in a Bunnings store. I think the biggest problem with that business model is that (without being sexist) men do far more home improvement stuff than women do.

I don't think that's sexist at all, in fact I'd say it's rather obvious. I was watching Ross Greenwood on the today show how said its model was aimed at getting more woman in. If that's true then surely it's a flawed plan. In a similar vain, I make military model kits. Girls on the whole just don't buy plastic models or similar hobbies. Of cause some do and some are very good. But if men are my prime costumer Way would I aim my hobby shop to woman?
19th January 2016, 02:20 PM
VladTepes

Quote:

Originally Posted by mudmouse

I'll have one of their buildings - it'd make a great shed!

One sold recently for $40 Million. Not a cheap shed, but plenty of Landy parking outside for mates !!!!!
19th January 2016, 07:40 PM
scarry

One of the main things was Masters didn't just stick to hardware,they went into white goods where there is little margin and heaps of competitors.

Hardware products have a big margin,particularly,as others have said,since the little hardwares have been driven to the wall.

There are a few Mitre ten hardwares around here,they could be interested some of the Masters stores.
19th January 2016, 07:59 PM
bob10

Quote:

Originally Posted by scarry

One of the main things was Masters didn't just stick to hardware,they went into white goods where there is little margin and heaps of competitors.

Hardware products have a big margin,particularly,as others have said,since the little hardwares have been driven to the wall.

There are a few Mitre ten hardwares around here,they could be interested some of the Masters stores.

Down at Jeays hardware yesterday, [ Mitre 10] Old Mr jeays thinks Mitre 10 should not waste money on Masters, but take on Bunnings in service, and pricing.
19th January 2016, 08:03 PM
incisor

bunnings service and price in the same sentence?

i find them abysmal compared to the local masters

not to mention the range of gear.

but seems i am the odd one out...
19th January 2016, 08:17 PM
bob10

Quote:

Originally Posted by incisor

bunnings service and price in the same sentence?

i find them abysmal compared to the local masters

not to mention the range of gear.

but seems i am the odd one out...

Hence the Mitre 10 advantage. Old Mr Jeays, and his sons , have built up a good reputation at Sandgate, especially with service, especially with local tradesmen. It's the old scratch my back' I'll scratch yours, arrangement. Also, in the same vein, the garden centre at Clontarf, Snook st. is streets ahead of Bunnings. Support your local little guy.
19th January 2016, 08:23 PM
incisor

Quote:

Originally Posted by bob10

Support your local little guy.

the big guys killed all the little guys including my mates business...

it appears a banker who is common to one of the big fellows pulled his line of credit with out warning and we are talking millions...

receivers were brought in, very prematurely it now appears

and there is going to be a rather large legal battle

nuff said....

altough i hear the local mob at narangba are doing great stuff

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