The first three Big W stores to close have been revealed as owner Woolworths prepares to whittle down the number of outlets of the struggling discount retailer.
Elanor Retail Property Fund has confirmed that Big W’s Chullora, Auburn and Fairfield stores will be shutting in January after reaching an agreement with landlords.
Thankfully, for Victorians all of these stores are in New South Wales
Woolworths said in April that it planned to shut about 30 underperforming Big W stores and two distribution centres over the next three years.
ERF said the lease for the 7,159 square metre department store in Auburn had been due to expire in June 2024.
The closure of the store was “a positive catalyst for the transformation of Auburn Central into a Sydney metropolitan, dual supermarket, neighbourhood shopping centre,” the investment and funds management business said.
Woolworths has 183 Big W stores and the division lost $110 million in the last financial year.