Huge change to Bunnings Warehouse that every Australian needs to know
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Huge change to Bunnings Warehouse that every Australian should know may make it harder to find some items in the store
- Hardware retailer to tighten stocks as supply chains reopen
- The company’s merchandise director wrote to suppliers to tell them about change
- Many major retailers had few selling items in the event of a supply shortage
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Customers could find that some of the Bunnings products they’ve come to expect will soon disappear from store shelves as the Australian hardware giant adjusts its inventory.
Supply chains are flowing again, offering the retailer more choice of items, merchandise director Jen Tucker said in a letter to suppliers this week.
“With the most disruptive phase of the pandemic-related delivery challenges behind us, it’s gratifying to see our inventory performance continue to improve,” Ms Tucker wrote. the Australian.
She said inventory would be “calibrated” to better suit customers, meaning products ordered to fill shelves or hold as spare stock will be removed from warehouses to make way for better-performing items.
Bunnings is ready to hone his inventory as supply chains reopen (file image)
“For some of the lower sales and niche products, we will downgrade our positions per store…to reflect sales speed rather than presentation levels,” said Ms. Tucker.
Ms. Tucker has not disclosed any particularly low-selling items or product lines that would be “downgraded,” although the process would likely be fluid to meet changing customer demand.
Barrenjoey analyst Tom Keirath told the paper that home improvement stocks had done well as customers were in lockdown, but were likely to decline as people started to travel.
‘People were stuck at home and had nothing to do… Now they are traveling and so the demand for those’ [DIY] products will be lower,” said Mr Keirath.
This is in contrast to traditional companies that have been slow to do business during lockdowns, but have seen a rapid increase as new work flows through the pipeline.
The power tools and ‘nuts and bolts’ they buy have been a high-performing part of Bunnings business, Mr Keirath said.
Ms Tucker told Daily Mail Australia that the process was standard for major retailers.
“We are constantly improving our processes to ensure we have the right product on our shelves at the right time and at the lowest prices for our customers,” she said.
‘Like all retailers, we regularly check the stock.’
There is no doubt that Covid was a disruptive period for all retailers with supply chain challenges and unprecedented levels of demand across different product categories.”
“As we come out on the other side, we’re working with our suppliers to make sure we manage inventory as we’ve always done, in a practical and sensible way.”