Australia's largest stock trading and investment forum Australia's #1 stock forum

Woolworths to close 30 BigW stores, page-4

First 4 Last

Share
Profile

Follow
jantimot

30,924 Posts.

174

01/04/19

21:30

Post #: 37956723
Share
Originally posted by eagle888 ↑

Not quite the announcement the govt would want six weeks from an election.

Workers already copping it with uncertain hours now facing no job at all!

Wages are so low for most it's no wonder that retail spending is sinking.

"Woolworths to shut 30 of its Big W stores amid retail gloom

By business reporter Sue Lannin
Updated 19 minutes ago
PHOTO: The stores are closing in a bid to lift profitability. (Supplied: Westfield)
RELATED STORY: Woolworths shares fall as supermarket warns consumer demand is 'subdued'
Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume."

AUDIO: Big W stores face axe as retail slump, online sales bite(The World Today)
Woolworths plans to close approximately 30 Big W stores over the next three years as well as two distribution centres in regional Queensland and South Australia.
Key points:

Woolworths owns Big W, and has not ruled out selling the entire network

The closure of 30 stores represents 16pc of all Big W stores

There is uncertainty about whether affected workers will be redeployed elsewhere

The move follows a review of its 183 Big W stores across the country amid losses at the budget department store chain due to tough competition in the retail industry."

https://www.abc.net.au/news/2019-04...g-its-w-stores-over-next-three-years/10958700

Expand

This is nothing. Merely the start.

https://www.zerohedge.com/news/2019-03-30/retail-apocalypse-closing-stores-down-death-dinosaurs
3 Upvote

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

First 4 Last

Woolworths to close 30 BigW stores, page-4

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

Featured News

Featured News

Woolworths to close 30 BigW stores, page-4

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

Featured News

Featured News