{"id":42473,"date":"2023-03-03T12:07:52","date_gmt":"2023-03-02T23:07:52","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42473"},"modified":"2023-03-03T12:07:52","modified_gmt":"2023-03-02T23:07:52","slug":"hardware-giant-bunnings-to-make-biggest-expansion-in-20-years","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/hardware-giant-bunnings-to-make-biggest-expansion-in-20-years\/","title":{"rendered":"Hardware giant Bunnings to make biggest expansion in 20 years"},"content":{"rendered":"

PHOTO: Bunnings. SUPPLIED<\/strong><\/p>\n

The iconic Australian store has made its biggest move in two decades by expanding into one of the nation\u2019s hottest multi-billion-dollar industries.<\/p>\n

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Bunnings will soon expand its offerings beyond hardware and into the lucrative pet care sector from next month.<\/p>\n<\/div>\n

The iconic Australian retailer, which has begun fitting out its stores to accommodate the new range, will stock more than 1,000 products such as food, toys and other accessories in the fast growing multi-billion industry.<\/p>\n

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It will now go head-to-head with the likes of established industry leaders such as Petbarn and Woolworths, which has invested more than $500 million into PETstock.<\/p>\n

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Bunnings has announced it will soon expand its offerings into the lucrative pet care sector. Picture: Supplied<\/strong><\/em><\/div>\n

In a statement, Bunnings Managing Director Mike Schneider noted that upwards of 60 per cent of Australians are pet owners, who would welcome the news.<\/p>\n

He added Bunnings is already welcoming of pets in its stores across the nation, a clear advantage it holds over Woolworths.<\/p>\n

\u201cWhat we are going to be bringing to life in our stores over the next four weeks is quite a comprehensive step change in our pet range, probably the biggest category expansion in Bunnings for 20 years,\u201d he told The Australian.<\/p>\n

\u201cIf you look at the last few years I think it is 60 per cent of Australians now own at least one pet, it has become a very important part of many, many families across Australia and we think that connection that people have with the Bunnings brand, bringing those pets into the store, creates a great advantage.\u201d<\/p>\n

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Bunnings Managing Director Mike Schneider, pictured with his dog Henry, noted that upwards of 60 per cent of Australians are pet owners, who would welcome the news. Picture: Supplied<\/strong><\/em><\/div>\n

Mr Schneider said Bunnings will bring a \u201cvery competitive offer\u201d into the estimated $10 billion industry.<\/p>\n

\u201cWe believe Australians have a really deep passion for everything around their home and everything that\u2019s in their home,\u201d he said.<\/p>\n

\u201cAnd we do think we can bring a very, very competitive offer into this market and we think that given the sort of comfort that the customers have bringing their pets into the business it\u2019s going to be a very good complementary category for us.\u201d<\/p>\n

After Bunnings confirmed the expansion, the market responded positively with its parent company Wesfarmers seeing a slight increase in its share price.<\/p>\n

Its move to different growing markets is the biggest since it introduced kitchen fitouts two decades ago.<\/p>\n

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