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Woolworths has announced it will close 30 unprofitable Big W stores after the chain has lost more than $ 85 million in one year

Woolworths plans to close 30 Big W stores after the chain has lost more than $ 85 million in one year

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Woolworths has announced that it will close 30 unprofitable Big W stores after the chain has lost more than $ 85 million in one year.

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The supermarket giant revealed that the department stores would slowly be closed for three years in April.

The locations in Chullora, Auburn and Fairfield in Sydney are the first with an end date scheduled for January 2020.

The & # 39; normalized profit & # 39; for Woolworths, last year fell by seven percent to $ 1.47 billion.

The figure was much lower than the expected market forecast for a profit of $ 1.7 billion.

More to come.

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Woolworths has announced it will close 30 unprofitable Big W stores after the chain has lost more than $ 85 million in one year

Woolworths has announced it will close 30 unprofitable Big W stores after the chain has lost more than $ 85 million in one year

. [TagsToTranslate] Dailymail