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Masters Home Improvement was a joint venture formed in January 2009 between Woolworths Limited and US home improvement chain Lowes. By 2016, the business had grown to 63 large format stores nationally and a transactional website which offered delivery or Click & Collect.All 63 stores were closed by 11 Dec 2016, as Woolworths and Lowes decided to exit the market in Australia in January of the same year.
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Masters Home Improvement was a short-lived joint venture between Woolworths Limited and US home improvement chain Lowes. The company was formed in 2009 and quickly grew to 63 large format stores across Australia, as well as a transactional website offering delivery or Click & Collect. Despite its rapid expansion, the business was not successful and all 63 stores were closed by December 2016, with Woolworths and Lowes deciding to exit the Australian market. Despite its failure, Masters Home Improvement's website, masters.com.au, is still active and offers a range of home improvement products and services. The company's LinkedIn page, http://www.linkedin.com/company/2221766, provides more information on the company's history and mission. With a revenue of 500 Million - 1 Billion and a workforce of 1000 - 4999 employees, Masters Home Improvement was a significant player in the retail industry during its time.
In 2009, Woolworths and Lowes, a home improvement store from the US, joined forces to create Masters Home Improvement. They opened 63 stores across Australia and a website that allowed customers to order online and pick up their items in-store or have them delivered. However, by the end of 2016, Woolworths and Lowes decided to leave the Australian market and closed all 63 stores.