×
104 499
Fashion Jobs
CWF (CHILDREN WORLWIDE FASHION)
Ecommerce & Digital Coordinator
Permanent · NEW YORK
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Ontario
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Hammond
FOOT LOCKER
Community Marketing Manager- San Francisco
Permanent · San Francisco
OLD NAVY
Assistant General Manager - Rookwood Commons
Permanent · Cincinnati
KOHLS
Full-Time Loss Prevention Officer
Permanent · Milwaukee
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · University Park
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Bel Air
KOHLS
Full-Time Loss Prevention Officer
Permanent · Norwalk
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Scottsdale
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · York
NORDSTROM INC
Compliance Associate (Remote)
Permanent · Centennial
NORDSTROM
Asset Protection - Security Ambassador - st John's Town Center
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - West Coast Omni Center
Permanent · Riverside
NORDSTROM
Asset Protection - Agent - Vintage Oaks Rack
Permanent · Novato
NORDSTROM
Asset Protection - Agent - Boulevard Consumer Square Rack
Permanent · Amherst
NORDSTROM
Asset Protection - Security Ambassador - Potomac Mills Rack
Permanent · Woodbridge
GAP
District Manager - Pacific Northwest
Permanent · Park City
GAP
District Manager - Pacific Northwest
Permanent · San Francisco
GAP
District Manager - Pacific Northwest
Permanent · Thornton
GAP
District Manager - Pacific Northwest
Permanent · Tulalip Bay
GAP
Senior Planner - Omni Merchandise Planning - Men's - Outlet
Permanent · New York
Advertisements
By
Reuters
Published
Sep 15, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Woolworth-Lowe's Australia venture gets store sites

By
Reuters
Published
Sep 15, 2009

MELBOURNE, Sept 15 (Reuters) - An Australian home improvement joint venture between Woolworths Ltd (WOW.AX) and Lowe's Companies Inc (LOW.N) has found sites for new stores, passing what analysts said was a major hurdle in its expansion.



Retail analysts have said the new venture could have trouble securing sites for its large due to Australian planning controls that have raised problems for other international retailers.

But Don Stallings, chief executive of the as yet unnamed venture, told reporters that has not been the case.

"There are plenty of A-plus sites out there that are available, local council has been extremely supportive," said Stallings.

The venture aims to have 150 stores open in its first five years, taking on rival Bunnings owned by Wesfarmers Ltd (WES.AX) in Australia's A$24 billion ($21 billion) hardware market.

Woolworths said it would spend A$400 million to build 30 stores in Victoria, the country's second most populous state, but the total capital investment in the venture has not been given.

Lowe's is the second large U.S. retailer to expand into Australia's tightly held market this year, after Costco (COST.O), whose warehouses sell everything from groceries to diamond rings, opened its first store in Melbourne. It took more than a year to secure a site in Sydney.

"There are always difficulties getting sites of that nature, (Woolworths and Lowe's) will be looking at all sorts of avenues, the rezoning of industrial land and so forth," said Fortis Investment Partners investment analyst Martin Duncan.

(Reporting by Victoria Thieberger; editing by Jonathan Standing)

© Thomson Reuters 2021 All rights reserved.