Woolworths and its US home improvement partner Lowe’s have tipped another AUD105 million (USD77.3m) into their loss-making joint venture only weeks before Lowe’s is eligible to exercise it…
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Siam Global buys 40pc of Laotian firm
Siam Global House Plc, a joint venture between SCG Distribution Ltd and Global House International, has taken a 40 percent share in Vientiane-listed Souvanny Home Centre to expand its building materia…
Hero scouts location for IKEA’s second outlet in Indonesia
The retail holding company behind Hero Supermarket and Swedish brand IKEA is scouting two potential land plots in the Greater Jakarta region this year, which will be used to build IKEA’s second …
Five reasons why hardware chain Masters has it all wrong
It’s oh-so-ugly for Masters. There are gathering calls from investors and also from analysts to ditch the struggling hardware chain. So where has it all gone so wrong?
Masters’ big box sto…
IKEA positive on China despite economic slowdown, says CEO
IKEA does not expect a slowdown in demand for its products in its fastest-growing market, China, despite a sluggish economy, and the world’s biggest furniture retailer is sticking to investment …
Woolworths and Lowe’s inject another USD64m into hardware chain Masters
Woolworths and its home improvement partner Lowe’s Companies have injected another AUD90 million (USD63.7m) into their loss-making joint venture – the fourth capital injection this year &n…
Woolworths tweaks Masters home improve stores as losses mount
Woolworths is refurbishing two-and-three-year old Masters home improvement stores in an attempt to boost sales and curb mounting losses, which blew out to AUD245 million (USD174.7m) in 2015, dragging …
Woolworths’ losses at Masters widen in June quarter
Woolworths’ US home improvement partner Lowe’s Companies says it is pleased with progress at the big-box chain Masters, even though losses are set to exceed AUD200 million (USD146m) in 201…
Former Woolworths chairman John Dahlsen attacks Bunnings over competition
Former Woolworths chairman John Dahlsen has backed small business calls for stronger competition laws, saying independent hardware retailers are "failing" at a rapid rate because they cannot…
IKEA launches safety campaign after two toddlers die under falling furniture
IKEA has launched a safety awareness campaign following the deaths of two toddlers in the US who were crushed by falling chests that had not been properly secured to the wall.
Australian and US custom…