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

DRO

History repeats for DroneShield investors but carnage so far subdued

HotCopper Highlights: Trigg; Droneshield; Lumos & more

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

AII

A new NASDAQ listing for a key player in the global critical minerals space

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

First 4 Last

Woolworths to close 30 BigW stores, page-4

History repeats for DroneShield investors but carnage so far subdued

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Syrah jumps +19% as graphite tariff threat spurs optimism down under

A new NASDAQ listing for a key player in the global critical minerals space

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Featured News

Featured News

Woolworths to close 30 BigW stores, page-4

Top Stories

History repeats for DroneShield investors but carnage so far subdued

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Syrah jumps +19% as graphite tariff threat spurs optimism down under

A new NASDAQ listing for a key player in the global critical minerals space

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Featured News

Featured News