Since the acquisition of Bunnings by Wesfarmers in 1994, the big-box store concept has changed how new hardware stores are built. In 2004, Mitre 10 built its first supercentre Mitre 10 "MEGA" with an average store size of 13,500 m2. These were later either closed or turned into large-concept Mitre 10 stores. In 2011 Masters Home Improvement entered the market and has since 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.
