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Bunnings growth at risk as market reaches saturation: Citigroup
2015-03-10 08:05:40| Agriculture - Topix.net
Bunnings managing director John Gillam has dismissed concerns about the retailer's strategy of dominating the $43 billion home improvement market and squeezing out rivals by opening new stores in a saturated market. Investment bank Citigroup said Wesfarmers-owned Bunnings already has too many stores and margins are likely to come under pressure if it presses ahead with plans to open 20 stores a year for the next two years, twice the number of new stores planned by Woolworths' Masters big-box chain and Metcash's Mitre 10 network.
Tags: market
growth
risk
reaches
Category:Agriculture and Forestry
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