Woolworths to close 30 Big W stores

 In Australia

Woolworths will shut about 30 underperforming Big W stores and two distribution centres over the next three years after increasing numbers of shoppers took their business online.
The supermarket giant, which also confirmed a $1.7 billion share buyback following last year’s sale of its fuel operations, said it would take a $370 million hit related to the closures in its full-year results.
Woolworths wouldn’t say which stores would close or how many jobs would go as it was still negotiating with landlords. Sydney Morning Herald – Read more…

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