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Rumours are rife that 60 Big W stores are tipped to close as the discount department store struggles to compete with other big retailers.

Rumours that Walmart have looked at buying the strugggling retailer were this week dismissed by Roger Corbett the former CEO of Woolworths and a former director of Walmart.

The move would see the closure of up to one third of Big W stores at a cost of almost $800 million claims Macquarie Wealth Management.

The Australian shared that a report from Macquarie Wealth Management claims in their latest report that half of the Big W store network is located in challenging centres.

“Big W is highly exposed to regional areas … it is unlikely these locations will enable Big W to regain the momentum required for profitability. In a challenging retail environment, we see a reduction in store count as the most likely outcome from the review.

“Given the format of Big W stores, we believe it would be difficult to reduce space as Myer is doing and that outright store closure is more likely.”

The report argues that Big W should eventually return to profitability, therefore not justifying a complete closure of the chain, but that a more logical and cost effective strategy would be to “cut the tail” and drastically reduce the 183 stores operating across Australia.

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  • What a real shame. Big W is a great store with lots of products. People will miss it.

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  • Myer is expensive. You pay close to double price so the plain basic girl’s nightie in Myer compared to BigW. Pity all of them aren’t next door to Woolworths like some Coles and Kmart are. One thing I have noticed at one BigW in SA is not all clothing has prices on it. When I asked why I was told that the stores have agreements with some of the suppliers what mininum price they will promote them for. Inconvenience is you have find a staff member who can scan it for you, I discovered the lady at the dressing rooms had scanners. Possibly the Layby Dept, would have them too. The majority of people wouldn’t bother if there is no prices on goods.

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  • I love BIG W so I really hope the shop near me isn’t going to close!!! Feel for the staff effected by these changes

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  • Oh no, there are hardly any Big W’s around anymore and they are great stores. I feel for the people who’ll lose their jobs.

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  • Gosh, i wonder which stores will be affected, these poor team members.

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  • It is most disappointing for those who will be out of a job.

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  • WOW. I do hope our store is safe. I love our Big W. And sadly, with people heading online to shop, our fave stores will continue to close. We can’t whinge about it then if we’re not prepared to service them.

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  • Oh no! It’s my preferred store! I pretty much avoid our local K-mart since they refurbished and rely on Big W for all the department store buys. Hopefully they won’t close down here as it won’t leave us with much of anything.

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  • This sucks. I don’t have one near me as the only one in Tassie is Hobart but I enjoy ordering online for sheets as the quality and variety is 100 times better than Kmart and still a cheap price.

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  • No, no, no! I hope they don’t close my local Big W. I shop there all the time.

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  • Oh dear.
    I have 3 Big W stores all within 30minutes of my place. I wouldn’t be surprised if they close at least one down.
    Such a shame for hose who will be out of work.

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  • We don’t have a Big W store within a 6 hour drive from us but I’m still sorry to hear of their problems

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  • This makes sense, the regional stores are so quiet

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  • BIg W is a fabulous store – so let’s hope this is not the case for the stores and for the workers and for the customers.

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  • I love big W. I hope my local one doesn’t close


    • Me too! Big W has been around forever it would seem!

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  • Sorry to hear this !

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  • People looking for the cheapest prices and not realizing they are cutting off their noses to spite their faces are what is driving this horrible decline in Aussie stores. I do understand why people think buying cheaper will be OK, but they must also think of their super funds – the funds can only invest and grow for them for final retirement if Aussie firms are robust – the interlopers coming in are privately owned companies and the profits that are made here in Aust. go back to the families overseas. They are not listed on our Aust. stock exchange so your super cannot invest in them – wake up people. You will be worse off in the long term.

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  • Wow I prefer Big W to Kmart and Target and there is less of them too so that would be a real shame.

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  • We do not have Kmart nearby, I would have to drive about an hour to get to Kmart. Big W is only 20 minute drive and is a very popular store, they only renovated a couple of years ago so I would doubt that this one would close. We do have Target in the same area but you have to park and walk a long way into the shopping center to get to it, since they moved it I don’t go to Target anymore. Big W you can park right outside, so easy to shop in and really friendly staff. But don’t forget it is also because of online shopping that stores are struggling and high rentals, I would think it is the ones in shopping centers that will close and not the stand alone ones. I wish there were more stand alone stores as they are so much easier to shop in than shopping centers.

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  • I’d be sad to see Big W go.

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