Bunnings fails miserably to get a foothold in the UK - shops sold off for 1 GBP

[woodPixel]

The only thing these big businesses will need shovels for is digging themselves out from the stupendous mountains of debt they are buried under.

[truckjohn]

To turn this towards a more positive note - I wish these corporate executives would see the opportunity to take advantage of economies of scale and purchasing power to do things which small companies simply couldn't do....... But.... Why can't they do these things in good and useful ways - not dumb ways....

So instead of sending snow shovels to Sydney and Miami florida.... Hiw about using your purchasing and marketing power to and market high quality domestically made tools.. Because of their reach - Bunnings could probably sell Australian made chisels like the old Titans.... And people would buy them.... Same for the US companies like Lowes and Home Depot - why not use your purchasing power to get quality American made tools back into the market.... Or make some quality, useful woodworking tools available...

But no... It's a stack of snow shovels in Myrtle Beach/Sydney and "Up North Grass" type seed in Miami....

[FenceFurniture]

That would be a good plan but it takes a privately owned company to be able to do that. A publicly listed company board of directors has a first responsibility to make a profit for the shareholders. Projects that could be a bit lossy for a while (like re-starting Titans) would go down like a lead balloon with the accountants.

[Spyro]

That would be a good plan but it takes a privately owned company to be able to do that. A publicly listed company board of directors has a first responsibility to make a profit for the shareholders. Projects that could be a bit lossy for a while (like re-starting Titans) would go down like a lead balloon with the accountants.

As an accountant who shoots down ambitious plans for a living I must admit that you have a point

Sent from my SM-G955F using Tapatalk

[ian]

As an accountant who shoots down ambitious plans for a living I must admit that you have a point

Guilty as charged ??

[crowie]

Just a side issue..
Westfarmers have both DIY/building and industrial markets in there pocket.
Westfarmers owns Blackwoods who have devastated/dissolved the industrial market of competition the same as they've done with Bunnings...

[rrich]

Just a minor point here.

The job of the Board of Directors is to raise the price of the stock so that the current shareholders can sell their shares and take their profits. After the shares are sold the former shareholders don't give a hoot about the company.