The new Masters Coffs Harbour store on the Pacific Hwy will open on August 1.
The new Masters Coffs Harbour store on the Pacific Hwy will open on August 1. Trevor Veale

New store to build 100 jobs for Coffs

A NEW 11,000sq m Masters store will open its doors in Coffs Harbour next month, creating around 100 jobs for the region.

The home-improvement store on the Pacific Hwy will open on August 1 with more than 35,000 products on sale.

Catering towards local DIY-ers, home-improvement enthusiasts and tradies, Masters Coffs Harbour features the latest design and layout and has a large paint department, tool shop and home improvement section.

It has a dedicated garden section as well as an extensive bathroom and kitchen display area with design and installation services for customers.

The Woolworths-owned store is one of 56 in Australia and will create approximately 100 full time, part time and casual positions.

The opening however comes as speculation mounts that Woolworths could sell the franchise, according to Morgan Stanley.

Masters was designed to compete with Wesfarmers' Bunnings stores in the fight for the $45 billion home improvement market, but has only captured 2 per cent of the market, compared to Bunnings 18 per cent share.

While Woolworths had not indicated it is considering selling the franchise, reports suggest the business would be worth $1.5 billion.

Further information about the new store is available at http://www.masters.com.au.



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