Big W has revealed the first three stores that will face closure as part of its massive cost saving strategy. And they’re all in Sydney.
The Woolworths subsidiary announced it will shut its Chullora, Auburn and Fairfield stores in January.
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Earlier this year, Big W announced it would be closing the doors to 30 stores over the next three years.
Big W staff were briefed this morning on the closures.
“These are not decisions we take lightly and we regret the impact the closures will have on affected team members,” David Walker, managing director of Big W told Yahoo Finance.
“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,” said Mr Walker.
“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.”
In a statement to the ASX, Elanor Retail Property Fund confirmed the “early surrender” of the Big W Discount Department Store lease at the Auburn Central shopping centre.
“Big W will cease trading at the centre at the end of January 2020, ahead of the lease expiry in June 2024.”
More to come.
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