move to set up a co-operative group of hardware stores,
originated from a meeting held in Victoria, June 1959,
with five men who would become Mitre 10's founding fathers
- Tom Molomby, Tom Danaher, Reg Buchanan, Jack Womersley
and Ian Nisbet. This move occurred specifically to maximise
funds and energy with regards to advertising and promotions
and to demonstrate that independent operators offered
service, advice and competitive prices. The group quickly
grew in membership to the point where it required a full
time management team.
its electrifying start, the innovative new company expanded
operations, with fifteen New South Wales members joining
the group by February 1961. Queensland soon followed with
seven retailers, under the chairmanship of Arthur Scurr,
joining the cooperative in January 1962, followed by a
further sixteen members from Newcastle in October the
same year. With the company successfully operational in
the three Eastern states by the end of 1962 and South
Australia and Western Australia soon running their own
state based co-operatives, attentions turned to crossing
the Tasman. After initial early discussions in Auckland,
Mitre 10 New Zealand was established on June 20, 1974.
there were only eight members of the fledgling company,
although the group was confident the number would be increased
to ten before long. "Mitre 10" simply sounded
more lyrical than "Mitre 8" or "Mitre 11"!
Today, the Mitre 10 Hardware Group has more than 900 stores
throughout Australia and New Zealand.