Sydney Tools to open 10 new stores in 2020
Professional tools chain store to set up new shops this year in NSW, QLD and VictoriaSydney Tools has announced its expansion plans over the next five years which involves opening 40 new stores by 2025.
The first wave of 10 new stores is coming this year to Queensland (five new stores), Victoria (one store) and NSW (one store).
Sydney Tools Director, Jason Bey, said the company also has plans to expand into three new markets, with negotiations being finalised for new stores in Western Australia, the Northern Territory and South Australia – the first stores to open in these markets.
“We’re proud to say we’re on track with plans to double our eastern seaboard footprint over the coming five years, and to expand into Western Australia, the Northern Territory and South Australia this year, followed by Tasmania,” he said.
“As mooted in 2019, we’re on target to have 70 stores operating within the next five years, employing more than 1000 people nationwide.”
Sydney Tools currently runs 34 stores across NSW, Victoria and Queensland and claims to be the second-largest industrial power tool and accessory retail specialist in Australia.
The new branches launching in 2020 are:
- New South Wales: Coffs Harbour, on the state’s mid north coast.
- Victoria: Caroline Springs in Melbourne.
- Queensland: Kunda Park in Maroochydore on the Sunshine Coast, the Brisbane suburb of Virginia, Carrara, on the Gold Coast, and Townsville in north Queensland.
- Western Australia: Malaga in Perth.
- Northern Territory: Winnellie in Darwin.
- South Australia: Windsor Gardens.
Sydney Tools maintains the importance of having physical retail outlets to cater to customers’ needs.
“While our online sales are growing rapidly, more than 94 per cent of our revenue has been generated through our bricks and mortar retail outlets," Bey said.
"Customers like to see and review the product first hand, which is allowing us to expand in a way counter to most retailers.
“You can say we’re a bright spot in a struggling retail economy.”
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