Thirty Big W Stores To Close

Woolworths announce

1 April 2019

Article heading image for Thirty Big W Stores To Close

Woolworths will close a number of Big W stores over the next three years, it’s been announced.

Around thirty stores are expected to shut shop over the next three years – as well as two distribution centres.

“As foreshadowed at our half-year 2019 results, while the recovery in trading for Big W is encouraging and there remains further opportunity for improvement, the speed of conversion to earnings improvement is taking longer than planned," Woolworths chief executive Brad Banducci said in a trading update.

“This decision will lead to a more robust and sustainable store and DC [distribution centre] network that better reflects the rapidly changing retail environment. It will accelerate our turnaround plan through a more profitable store network, simplifying current business processes, improving stock flow and lowering inventory."

Which stores will be affected isn’t yet clear.

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