Woolworths to close premium stores

Date : 08 February 2016

Woolworths is to close some of its Thomas Dux stores, as it looks to focus more attention on its core supermarket business.

Stores in Sydney and Melbourne to close soon

According to local press reports, Woolworths has been trying to sell the premium chain of stores, however will now start to close stores that are under performing. More than half of its five New South Wales stores are set to close, whilst its store in Port Melbourne, Victoria is also due to close at the end of March. The closures are likely to leave only a handful of stores trading under the banner, from the nine currently in operation.

Organic chain to take over the leases of two stores

It is believed that About Life, an independent health and organic supermarket will take over the lease of both North Sydney stores. About Life currently trades five stores, having been founded in 1996. The retailer has said that it will attempt to redeploy staff who want to stay with Woolworths to other stores. The development follows Woolworths announcement to sell its Masters hardware chain, as it looks to refocus resources and attention on regaining growth in its core business.