THERE could be a new underdog taking over the failed Masters Home Improvement sites, and nobody saw it coming.
There has been a lot of speculation around what big box stores would move into the 13,000 sq m sites that will be abandoned as a result of Woolworths’ failed, multibillion-dollar experiment.
Bunnings, Costco and Ikea were all hot contenders, with the big box stores already expanding across Australia.
But have you ever heard of POCO and could it be the next big thing to take over Australia’s popular retail giants?
National Retail Association chief executive Trevor Evans told news.com.au the closure of Masters was potentially a huge opportunity for international companies that were considering expansion in Australia.
Woolworths pulled the pin on its four-year experiment because it wasn’t a strong competitor in the big box market, but could POCO actually work?