HARDWARE STORE EXPANSION TO CREATE 2000 JOBS

HARDWARE STORE EXPANSION TO CREATE 2000 JOBS

BUNNINGS Warehouse (pictured) has indicated that its $1.5 billion plan to open 85 stores nationally would create about 2000 jobs across Queensland.

The discount hardware group has commenced $39 million in works at a 5.3ha site near the Centro shopping centre in Oxenford. The structure will cover about 22,000 sqm once complete.

The store’s product range will include landscaping, home improvement, outdoor living, kitchen appliances, glass pool fencing and child play equipment.

A Bunnings spokesperson confirmed three stores are under construction across the state in undisclosed locations, one of which is speculated to be in Arundel along Brisbane Road, complementing the existing Harbour Town premises.

A further 19 new Queensland stores are in pipeline, each of which will cover about 14,000 sqm and employ more than 100 staff.

However, competitor Masters – owned by Woolworths and US-based Lowe’s – plans to dwarf Bunnings’ expansion by opening 150 stores within five years at an estimated cost of $3-4 billion.

Woolworths has confirmed that it is searching for sites on the Gold Coast.

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Nicholas Bolton's Keybridge becomes majority owner of Yowie

Nicholas Bolton's Keybridge becomes majority owner of Yowie

Despite a recommendation from the independent directors of confecti...

‘State of war’: the battle behind the scenes that led to a second inquiry into The Star

‘State of war’: the battle behind the scenes that led to a second inquiry into The Star

A siege mentality that amounted to a “state of war” bet...

Global conflicts spark surge in revenue for Sydney defence-tech DroneShield

Global conflicts spark surge in revenue for Sydney defence-tech DroneShield

With $400 million worth of annual hardware production value in mark...

NEXTDC secures $937 million from institutional offer

NEXTDC secures $937 million from institutional offer

NEXTDC's (ASX: NXT) massive raise to speed up the development a...