Watch ‘The Latest on Facebook Watch’ here. Closed . Fashion giant H&M has also closed all 49 of its stores in Australia until further notice because of the coronavirus crisis. We regret the short notice it gives to our team and community. Investment bank Citibank says it expects more closures beyond the announced 30 closures. Capalaba Central is located in the Redlands Shire which is bordered by the City of Brisbane located 25 kilometres to the west and north of the shire, Gold Coast City to the south and Logan City to the southwest. All Myer stores across Australia will be closed for at least a month due to the coronavirus pandemic (pictured in Sydney). We are no longer accepting comments on this article. General view of a BIG W department store in Brisbane, Tuesday, April 1, 2019. ARA's Executive Director Russell Zimmerman said larger retailers like Myer and David Jones will flounder, despite Prime Minister Scott Morrison's business rescue package. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. It is open to businesses with turnover under $50million and will now also be available to eligible not-for-profit charities, It will benefit around 690,000 businesses employing around 7.8 million people and 30,000 not for profits, A new Coronavirus SME Guarantee Scheme will be able to be accessed by eligible banks and non-bank lenders, The Commonwealth will guarantee 50 per cent of an eligible loan to small businesses that have been impacted by the coronavirus, The Scheme will have the capacity to support lending of $40billion to SMEs, SMEs that have less than $50m turnover per year will be eligible under the Scheme, Loans will be used for working capital purposes and be unsecured and it will be for loans granted within 6 months starting 1 April 2020, The Scheme will apply to new or existing customers of banks and non-bank lenders. Kmart is trailling the closure of a number of stores across Australia as more shoppers choose online shopping during the pandemic. The flagship Melbourne H&M store (pictured) closed its doors on April 5 as the company shuts down operations nationwide in response to the ongoing coronavirus pandemic. Follow us and tag your photos #CapalabaCentral. But Woolworths Group has insisted that the nation-wide closures will help ‘to accelerate the path to profitability,’ according to News.com.au. Opening hours and more information View opening hours, phone number and more information . The department store is offering free delivery for orders over $45. Luckily for locals, there are three more Big W stores within 7km of the closed Calamvale store, one at Browns Plains, one at Underwood and the third at Upper Mount Gravatt. Eligible businesses that pay salary and wages will receive a minimum payment of $20,000, even if they are not required to withhold tax. Closed . Although Big W’s $85 million loss in 2019 seems drastic – it’s still an improvement on the $110 million loss it suffered in 2018. Williams has also shut all of its stores due to the COVID-19 pandemic. Big W says most of their team members in all three stores have been redeployed within the Woolworths Group. In Chullora, the store is being replaced by a Coles store, while in Auburn, Aldi is moving in to replace Big W once it’s gone. 'We are committed to doing the right thing by our team and will guarantee the redeployment of all current Calamvale team members to one of many neighbouring stores - whether they're full time, part time or casual.'. It will be repayment free for 6 months, The maximum loan will be $250,000 for a term up to 3 years, It will not apply to re-financing of existing customers. The Fairfield store will be turned into a parking lot. NSW 2060 A spokesman for Big W said closing the store had been a 'difficult decision', but that the staff would be redeployed to other shops. The three stores have held clearance sales over the past few weeks, in an attempt to empty shelves. Big W says most of their team members in all three stores have been redeployed within the Woolworths Group. It comes just weeks after Big W confirmed it would need to close 30 stores over the coming three years due to challenges in profitability. The Big W store in Calamvale (pictured) has closed its doors with immediate effect, with its 70 staff to be sent to work in other shops, The coronavirus lockdown has left shopping centres deserted as retailers temporarily close their doors (pictured, Westfield in Parramatta on April 1). The first three Big W stores to close are having their final day of trade on Friday. In the video above: First of nationwide Big W closures to commence. ‘Partial closure of the most unprofitable and shorter lease stores is more likely,’ Macquarie said in the note, reported The Australian.
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