later either closed or turned into large-concept Mitre 10 stores. In 2011 Masters Home Improvement entered the market and opened more than 49 stores, with an average footprint of 13,500 m². Masters Home Improvement, which was the second-largest hardware chain in Australia, closed in December 2016.

Bunnings also operates in New Zealand, competing against Mitre 10 New Zealand and Hammer Hardware.