Lowe's "Masters" stores in Australia lose 62 million in 2012
Posted in the Lowes Companies Forum
#1 Mar 11, 2013
MASTERS, the hardware joint venture between Woolworths and US company Lowe's, will be a ''modest'' drag on earnings for at least another three years as the partners continue to tweak the loss-making retail format.
Still in its start-up phase, the Masters joint venture made a full-year net loss of $62.157 million for 2012, up from the loss of $7.821 million in 2011.
Mr Niblock said changes were being made to the store format as management gained insight from earlier openings.''And then they're continuing to learn and make necessary adjustments along the way.''
Since: Jan 13
#2 Mar 11, 2013
No one can imagine how much worse it would have been if you were still involved.
Lowe's was spot-on when they told you to get out and stay out.
Bet you can't wait till the weather gets better so you can play "catch" with a tranny.
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