Thread: 30 big W stores to close.

A friend manages a chain health food store.
She was told the store is closing in early May.
"It's not your stores performance or figures, but the shopping centre isn't updating, rents are going up and we're consolidating"
An investment company bought the chain from the original family several years ago.

Retail is hemorrhaging.

And Big W may affect the business I'm in, the company I work for has the contract for a lot of the east coast NSW stores and we get called into some SE Qld ones too to sort issues

This must be why what was a proposed Woolies site at Narangba is no longer a Woolies site!

I read in the Australian a couple of months ago,60 Big W stores were going.

As Rick said,the retail sector is in trouble.

Times are changing.

If you are good enough you will survive & thrive.
They all complain about On-line stores stealing their business.
Try using their on-line stores, slow, difficult to use, clunky & just plain painful.
The big box retails have rested on their laurels for years gobbling up all the small blokes.
If they actually gave the customer what they wanted & served them instead of expecting them to serve themselves, then maybe?
Jonesfam

Wages stagnation and rent stress doesn't help either, it eats into disposable income.
A lot have no disposable income anymore.
Wages in the regions are significantly lower than the city's but rents are continuing to climb even as housing prices stabilise or fall?

Yes, and household debt is rising too. But profits are rising.

Yep.
People are shocked I took a 20% wage cut moving to where I am, but that's the difference between the regions and city, yet I'm paying the same in rent!!??