What is Bunnings?
Bunnings is a large Australian chain store group of building hardware products (Bunnings Building Supplies). Over the past decade, large-scale building hardware product chain store groups have brought 3% to 5% growth to Australia's building hardware retail consumer market each year, prompting a major change in the traditional hardware and building materials retail market in Australia.
Bunnings' main products:
The main products sold at BunningsWarehouse include: hand tools, power tools, home appliances and lighting, kitchen and bathroom, garden tools, landscape plants, water and electricity pipes, hardware locks, screws and nuts, paints and coatings, woodworking materials, tiles and building materials, etc. It can be said that all the tools and materials you want to use can be solved here in a "one-stop" way.
Bunnings' development history:
In 1952 Bunnings expanded into the Western Australian market, adding construction supply to its existing timber business; becoming a public company and a leading supplier of Western Australian hardwoods to the home building industry.
In 1989, Bunnings purchased Alco Handyman's Washington business and merged the operations, significantly increasing its exposure to the DIY market.
In 1993, Bunnings expanded its east coast operations with the acquisition of McEwans Ltd in Victoria and South Australia.
In 1994, Bunnings Limited was bought by its owner Wesfarmers Limited.
After 1994, Bunnings developed more rapidly, starting from the southwest of Australia and marching into the entire Australian market. In Melbourne, Sydney, Brisbane and neighboring New Zealand, Bunnings Warehouse continued to establish new chain stores.
In 2001, the BBC Hardware network, including Hardwarehouse and Benchmark stores in Australia and New Zealand, was purchased, enabling Bunnings to expand internationally into the New Zealand market.
In January 2016, Bunnings, a subsidiary of Wesfarmers, announced the acquisition of Homebase's business, which operated 250 stores in the UK and Ireland at the time, for approximately A$705 million.
In 2018, Bunnings started its online sales business, selling large products such as children's outdoor play equipment and sheds, with about 20,000 varieties. Earlier this year, Bunnings piloted a "special order range" including larger items, expanded its online stock search function, accelerated investment in digital, data analytics and e-commerce, and established a digital data department within the company.
In May 2018, Wesfarmers Limited (ASX: WES) announced that it would sell its struggling Bunnings UK business, including the Homebase brand, to private equity firm Hilco Capital for a nominal price of £1.
In November 2018, Bunnings announced that all sausage toasties sold from now on would have to be made with onions underneath the sausages so that customers would not fall over onions that fell to the ground.
In March, Bunnings launched an online store for its Craigieburn store in Melbourne, which is currently being tested.
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