Big W Confirm The First Stores To Be Shutting Up Shop For Good
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Big W have confirmed the first of the stores they will be closing over the next three years.
David Walker, Managing Director of Big W says "these are not decisions we take lightly" and that the group "regret the impact the closures will have" on the team:
"We would like to acknowledge the support of the communities of Chullora, Auburn and Fairfield and the hard work and commitment of our store team members.
"Supporting our team remains our priority and we are committed to doing the right thing by them.
"Over the next six months, we will support our team and explore redeployment opportunities with team members who choose to continue their career at BIG W or with other Woolworths Group brands in the months ahead."
The decision came after Macquarie Wealth Management reviewed Big W’s business in the wake of the company losing $110 million last financial year and $8 million in the first half of 2019.
A spokesperson for Macquarie Wealth Management said in The Australian:
"Partial closure of the most unprofitable and shorter lease stores is more likely."
Image: Big W
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