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Hardware stores have emerged as the latest entrant in the retail sector. This has resulted because of very high rate of growth in the hardware stores development. The latest entrant in the hardware stores is Woolworth.
As a result of development in hardware stores in a new way they have broken away from the traditional view of bulky goods market..
A research by Colliers International has revealed that, Woolworth and their US partner Lowes have kept 80 locations earmarked for their upcoming Masters hardware stores.
14 of the store are already being constructed spread over an average size of 13,500 sq. meters.
Competition will be faced from Bunnings and Mitre 10 as well as other traditional units in hardware stores.
Norra Farren, Director of Research at Colliers said that the hardware concept is becoming a retailing format now, a change from its earlier warehouse concept.

