Stockland Gladstone.
Stockland Gladstone. Contributed

Speculation over closure of Stockland's department store

THE shock resignation of BIG W chief executive officer Sally Macdonald has prompted speculation that the Woolworths-owned retail giant's survival is not guaranteed.

Big W operates 184 stores throughout Australia, including one at Stockland Shopping Centre in Gladstone, and competes head-to-head with Coles' owned K-Mart stores. It employs about 22,000 staff nationally and through Asia.

Analysts are now questioning if Ms Macdonald's departure - less than 12 months after her appointment in January - highlights bigger intentions for the retailer.

Woolworths chief executive Brad Banducci said Ms Macdonald had made progress in restructuring the business and reducing costs but "the transformation of Big W will take three to five years to complete".

"Unfortunately, this time horizon is inconsistent with Sally's expectation when she joined Big W," he said.



Surf Life Saving boss arrested over alleged $2.7m fraud

premium_icon Surf Life Saving boss arrested over alleged $2.7m fraud

The man formerly in charge of lifesaving has been arrested

Coffs Coast to yield a bumper blueberry crop

premium_icon Coffs Coast to yield a bumper blueberry crop

Prime blueberry growing conditions on the Coffs Coast

‘Taken way too soon’: Pizza delivery driver named

premium_icon ‘Taken way too soon’: Pizza delivery driver named

Heartfelt tributes paid to an 18-year-old Pizza delivery driver