ThatsLife
  • WIN
  • News
  • Real Life
  • Food
  • Lifestyle
  • Pets
  • Your Stars
  • Puzzles
  • Podcasts
  • Video
ThatsLife
  • WIN
  • News
  • Real Life
  • Food
  • Lifestyle
  • Pets
  • Your Stars
  • Puzzles
  • Podcasts
  • Video
Subscribe
  1. Home
  2. Real Life

A third of all Big W stores are tipped to close - is your local store on the list?

Up to 60 stores could be affected! - by April Glover
  • 18 Mar 2019

Department store chain Big W could be forced to close up to a third of its stores around Australia.

Due to falling profits, the popular store is reportedly looking to shutter around 60 of its 183 locations.

A third of all Big W stores are tipped to close - is your local store on the list?
Google Maps

Macquarie Wealth Management revealed the news in a client note last week, stating that they 'may close' 60 stores Australia-wide after losing $110 million last financial year and $8 million in the first half of 2019.

‘Partial closure of the most unprofitable and shorter lease stores is more likely,’ Macquarie said in the note, published in The Australian.

‘Given significant closure costs for the portfolio, a more likely scenario is Woolworths to close up to one-third of its stores (60 stores), in our view. This cost could be around $759 million.’

The company has not yet revealed which stores could be affected by the closures.

 

Google Maps
Google Maps

Woolworth Group, the parent company that owns Big W, said a national review of the store network and its distribution channels is underway. 

'The review is ongoing and no decisions about our network have been made,' the company said in a statement.

'We will update our team members and the market once the review has been completed.'

While the exact locations for closures is unconfirmed, regional areas are expected to be hit the hardest.

‘It is unlikely these locations will enable Big W to regain the momentum required for profitability,’ Macquarie added.

April Glover

Subscribe to That's Life!-+ save!

Subscribe to That's Life!

Subscribe Now
Subscribe to That's Life!

Subscribe to That's Life!-+ save!

Subscribe to That's Life!

Subscribe Now
Subscribe to That's Life!

Recommended to you

There's A Better, Faster Way To Predict Sepsis
Watch 0:37

There's A Better, Faster Way To Predict Sepsis

{headline}

{headline}

Big W has launched a HUGE flash sale - days after revealing 60 stores may close

Big W has launched a HUGE flash sale - days after revealing 60 stores may close

The internet goes wild for these adorable BIG W kid’s costumes

The internet goes wild for these adorable BIG W kid’s costumes

I turn people into art!

I turn people into art!

Holly the heart hero

Holly the heart hero

{headline}

{headline}

30-year heartbreak  - who killed Kerry Turner?

30-year heartbreak - who killed Kerry Turner?

My runny nose was cancer

My runny nose was cancer

I was paralysed at the beach

I was paralysed at the beach

{headline}

{headline}

Horror at the servo - I was abducted and raped

Horror at the servo - I was abducted and raped

My husband forgot I was his wife so we wed twice

My husband forgot I was his wife so we wed twice

Empty nesters... so we adopted SEVEN kids!

Empty nesters... so we adopted SEVEN kids!

Back from the brink!

Back from the brink!

A cockatoo proposed to me!

A cockatoo proposed to me!

Brave Ellie - 420 days in hospital for a new heart!

Brave Ellie - 420 days in hospital for a new heart!

I woke up with no hands and feet

I woke up with no hands and feet

ThatsLife
  • Gold Club
  • Online Entry FAQ
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms
  • Competitions
  • Privacy Policy
ThatsLife Magazine Subscribe
  • Gold Club
  • Online Entry FAQ
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms
  • Competitions
  • Privacy Policy

Brands

  • New Idea
  • Who
  • Girlfriend
  • Practical Parenting

Our Network

  • Better Homes and Gardens
  • BHG Shop
  • marie claire
  • Beauty Crew
  • New Idea food
  • Women's Weekly Food
  • Bounty Parents
  • Home Beautiful
  • All Recipes
  • 7plus
  • 7News
  • Sunrise
  • Starts at 60
  • The West Australian
  • Perth Now
  • 7mate
  • 7Sport
  • Hard to Find
© 2022 Are Media PTY LTD
All products are independently selected, tested or recommended by our team of experts.If you buy something, we may earn an affiliate commission.
Get more from

Magazine Subscription Offer

Subscribe to That's Life!-+ save!

Shop This Offer
Subscribe to That's Life!