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jantimot

30,924 Posts.

174

01/04/19

21:30

Post #: 37956723
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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

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