Ben Schneiders

1 month ago | radionz.co.nz | Angus Grigg |Elise Potaka |Ben Schneiders

By Angus Grigg, the Business Reporting Team's Emilia Terzon, Elise Potaka and Ben Schneiders, ABCIt's the Bunnings slogan everyone's heard - a promise to beat a competitor's price on the same stocked item by 10 per cent. But there's a catch to the hardware giant's famous price guarantee. While Coles and Woolworths have been under intense scrutiny, Bunnings - which has a much higher profit margin than either of them - has mostly escaped attention.

1 month ago | rnz.co.nz | Angus Grigg |Elise Potaka |Ben Schneiders

By Angus Grigg, the Business Reporting Team's Emilia Terzon, Elise Potaka and Ben Schneiders, ABCIt's the Bunnings slogan everyone's heard - a promise to beat a competitor's price on the same stocked item by 10 per cent. But there's a catch to the hardware giant's famous price guarantee. While Coles and Woolworths have been under intense scrutiny, Bunnings - which has a much higher profit margin than either of them - has mostly escaped attention.

1 month ago | abc.net.au | Angus Grigg |Elise Potaka |Ben Schneiders |Emilia Terzon

It's hard to get your head around just how big and profitable Bunnings has become, so here are seven numbers that show how quickly it has come to dominate the Australian hardware sector. Bunnings Group is super profitable. It made $18.97 billion in revenue in 2024. That's five times more than its nearest competitor. That delivered the group $3.2 billion in profits before taking out tax, interest and depreciation.

1 month ago | abc.net.au | Angus Grigg |Emilia Terzon |Elise Potaka |Ben Schneiders

It's the Bunnings slogan everyone's heard — a promise to beat a competitor's price on the same stocked item by 10 per cent. But there's a catch to the hardware giant's famous price guarantee. While Coles and Woolworths have been under intense scrutiny, Bunnings — which has a much higher profit margin than either of them — has mostly escaped attention. With its massive reach, how Bunnings sets prices and competes matters to millions of Australians.

1 month ago | abc.net.au | Ben Schneiders

Labor has won, now the hard work begins. After several years of economic hardship, voters have chosen Labor to deliver a reprieve. In recent years, Australians experienced a sharp decline in living standards. Households suffered steep rises in the cost of essentials like fruit, bread, dairy and housing. How did the country get here? When Anthony Albanese was elected prime minister in May 2022, inflation was already rising by an annual 5.1 per cent. By the end of that year, it peaked at 7.8 per cent.