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In today’s paper there was a call for tenders (by Pike builders) for a Bunnings conversion at Adelaide Airport. I can only assume this is the old Masters site. The big question is will it mean anything for the Bunnings site at Mile End? Also is there any news on the rejected Bunnings site at Panorama? Both these sites could suit potential shopping centre developments ie Coles/K-Mart/Officeworks/Target etc.
Well I hope it can co-exist with the Mile End Bunnings, that store is awesome.
It is a good Bunnings, but I also imagine the land it is on would be worth an absolute fortune.
Adelaide Airport is probably far enough away that it can service a different market though, I would expect both sites to be open.
In today’s paper there was a call for tenders (by Pike builders) for a Bunnings conversion at Adelaide Airport. I can only assume this is the old Masters site. The big question is will it mean anything for the Bunnings site at Mile End? Also is there any news on the rejected Bunnings site at Panorama? Both these sites could suit potential shopping centre developments ie Coles/K-Mart/Officeworks/Target etc.
Well I hope it can co-exist with the Mile End Bunnings, that store is awesome.
It is a good Bunnings, but I also imagine the land it is on would be worth an absolute fortune.
Adelaide Airport is probably far enough away that it can service a different market though, I would expect both sites to be open.
I still think the Masters site would make for a good replacement site to the mail sorting centre in the city, free up that huge portion of land for development.
With regards to Panorama, last I heard they were looking at building a Coles/Kmart shopping centre on the site. Would make sense, the nearest Coles is Castle Plaza.
I still think the Masters site would make for a good replacement site to the mail sorting centre in the city, free up that huge portion of land for development.
In today’s paper there was a call for tenders (by Pike builders) for a Bunnings conversion at Adelaide Airport. I can only assume this is the old Masters site. The big question is will it mean anything for the Bunnings site at Mile End? Also is there any news on the rejected Bunnings site at Panorama? Both these sites could suit potential shopping centre developments ie Coles/K-Mart/Officeworks/Target etc.
Pike Constructions has secured the site (carpark), set up offices and has a small excavator on site. Not much else to see as yet.
In today’s paper there was a call for tenders (by Pike builders) for a Bunnings conversion at Adelaide Airport. I can only assume this is the old Masters site. The big question is will it mean anything for the Bunnings site at Mile End? Also is there any news on the rejected Bunnings site at Panorama? Both these sites could suit potential shopping centre developments ie Coles/K-Mart/Officeworks/Target etc.
Super delayed reply, but there is absolutely no threat to the Mile End store, which is by far and out one of the company's most successful across the nation.
Yes I agree and its good there’s no change to Mile End. I heard that they will be closing the Marion Bunnings with the next Westfield expansion/re-development. Does anyone know if they will come back once it’s finished?
Last edited by how good is he on Thu Dec 05, 2019 10:56 pm, edited 3 times in total.
On a similar topic from a recent article from the AFR;
Bunnings' acquisition raises eyebrows at ACCC
Bunnings' acquisition of a family-run power tools retailer in Adelaide is under a cloud after the competition regulator launched a review into whether the deal will reduce competition.
Bunnings agreed last month to buy specialist tool and power equipment retailer Adelaide Tools from owners Marissa and Rob Peach as part of a strategy to expand its trade supplies business.
The acquisition was not expected to trigger competition concerns because Adelaide Tools, which has five retail outlets, a mower centre and an online store, sells mainly high-end power tools such as drills, orbital sanders, circular saws and air compressors.
The competition regulator is reviewing Bunnings' proposed acquisition of power tool retailer Adelaide Tools.
These products represent a small portion of Bunnings' total range of products and services.
However, the Australian Competition and Consumer Commission launched an informal review last week under Section 50 of the Competition and Consumer Act to look at the impact of the proposed acquisition on competition in South Australia and nationally.
The ACCC is seeking submissions from interested parties on how closely Bunnings and Adelaide Tools compete with each other. It wants to know which products/services they compete over, which other retailers compete in the tools, hardware and power equipment categories, and the likely impact of the acquisition on prices and service.
Submissions are due by November 21 and the ACCC expects to announce its findings – either a final decision or a statement of issues – at the end of January.
Bunnings said the acquisition was always subject to regulatory approval and the review was part of that process.
"As with any acquisition of this nature, we engaged with the ACCC to ensure they could conduct any necessary review required. We look forward to hearing the decision in due course," said Bunnings managing director Michael Schneider.
The ACCC has reviewed almost a dozen acquisitions by Bunnings over the last 15 years, including the purchase of five Mitre 10 stores in Griffith, Kempsey, Wodonga, Modbury and Randwick in 2009 and another Mitre 10 in Werribee in 2012.
In each case, the competition regulator gave the all-clear, enabling Bunnings to open stores in areas where it lacked a presence or increase its share of existing markets.
Bunnings is now estimated to account for about 16 per cent of the total home improvement market and almost 50 per cent of the DIY market, with annual sales of more than $13 billion.
It has 267 warehouses, 75 small format stores and 32 trade centres, including 14 large format warehouses, two small format stores and two trade centres in the greater Adelaide region.
Bunnings also recently launched an online store which offers click & collect and delivery in South Australia, Victoria, the ACT, Northern Territory and Tasmania, with other states expected to come online before Christmas. The ACCC review will look closely at competition between bricks and mortar and online stores.
Mr Schneider believes Bunnings is under-represented in the trade sector and has been attempting to grow share through acquisitions and by expanding its trade range, strengthening its relationships with tradesmen, boosting staff training and enhancing its PowerPass trade account.
"We see trade in the immediate short-term as having the most significant upside opportunity for us," Mr Schneider said earlier this year.
ghs wrote:
Bunnings seems to be killing all of the competition. Total tools in thebarton is now closed.
Bunnings shrugged off a $3.2billion direct attack from giants Woolworths and Lowe's.
Bunnings for the foreseeable future will be an untouchable monopoly juggernaut.
Personally I don't think Bunnings should be allowed to buy any company that sells tools or hardware.
What will be interesting is if you fast forward it 10 years..and say they have killed off all other hardware stores ie Mitre10/Home hardware etc, matching or beating your competitors prices won't be an issue if there are no competitors.
Adelaide Tools' shops are relatively small, and unlike those six Mitre 10 stores, they're all within a 5 minute drive of Bunnings. It doesn't make sense for Bunnings to acquire them unless reducing competition is their objective. Therefore I expect the ACCC to block it.
Just build it wrote:Bye Union Hall. I'll see you in another life, when we are both cats.
how good is he wrote:Yes I agree and its good there’s no change to Mile End. I heard that they will be closing the Marion Bunnings with the next Westfield expansion/re-development. Does anyone know if they will come back once it’s finished?
I don't believe so. They built the edwardstown store to the north and the Reynella store to the south will be opening before the end of the year, so this is presumably to cater for their Marion customers.
Marion was my closest but Reynella is now closer.
