Competition in the American hardware industry has never been fiercer, prompting smaller retailers to improve their housewares ranges.
Victoria looks set to be the staging point in the much anticipated battle for market share in Australia’s $24 billion hardware industry. Documents filed with Victoria’s Planning Ministry earlier this year suggest that Woolworths intends to spend $400 million establishing the first 12 stores of its new joint venture with US partner Lowe’s.
In recent times, we’ve seen the emergence of two big players, two formidable giants in the Australian marketplace into the hardware sector – Woolworths with its takeover of Danks, as well as Metcash, which has now created a strategic investment in Mitre 10 that I’m extremely delighted with. The question posed here is: what do these new groups mean to the hardware industry and what changes will we see? The answer is: I don’t really know, but I’ll give it my best shot. What I do know is that whatever you thought was going to happen – turn it all on its head. And all I ask people to do is to think back two years at whatever was going on in this sector. The Danks family still had their money invested. It had been around for a significant amount of time. Mitre 10 wasn’t in the trouble that it eventually got into last year. And who would have thought that we may not have existed? But we do. Who would have thought that the industry would have been so attractive that Woolworths would have stumped up with millions an
Faster, cheaper, better. Those are the keywords for any successful player in the metalworking industry today. As the world shrinks and the exchange rate makes importing more attractive, local manufacturers are upping the ante to stay ahead of the pack. Vibeke Stisen reports.
Is there psychology to colour? Colour experts will tell you there is, and that different colours reflect and even influence moods. That’s something worth thinking about when customers ask for advice to paint their bedroom or dining room, reports Andrea Lucena-Orr.
Making a screw takes a lot more work (and time) than you might expect, reports Mark Daffey.
January 1 marked the introduction of new workplace relations laws and practices that may affect your hardware business. Lisa Nicolle explains.