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Big W confirms which stores in NSW will be closing

Breaking news. - by Laura Barry
  • 01 Apr 2019
Big W confirms which stores in NSW will be closing

Struggling bargain chain department store Big W has finally confirmed that they will be closing 30 stores over the next three years Australia-wide due to falling profits. 

Macquarie Wealth Management revealed the news in a client note on March 15, 2019, stating that they may close up to 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, revealed in The Australian.

After a review into the loss-making franchise, parent company Woolworths announced that Big W will close 30 stores across Australia over next three years.

The brand has also announced that it will be closing two distribution centres.

Big W estimates that the decision to close 30 stores will result in a $370 million loss, a revelation shared with the Australian share market on Monday morning.

The Woolworths Group has now finally confirmed some of the Big W stores that will be closing. 

In New South Wales, the Sydney BIg W stores located in Chullora, Auburn and Fairfield will close their doors in January 2020 as the first step in the department store's cost-saving strategy. However, the store will continue trade for the next 6 months. 

“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, said in a statement.

Haven't been following the Big W store closures? Watch the video below to get all caught up on what's going down with Big W. 

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Laura Barry
Laura Barry
Laura Barry is a writer, bookworm and interior design enthusiast with a love for reporting on all things homes, travel and lifestyle. When not tapping away at her keyboard, Laura can be found making endless cups of tea or perusing the shelves of Sydney’s many bookstores.

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