Series 67/4 August, 1967 WOOLWORTHS
503,448 BUYS 6 FOYS daily sales SHOPS By DAVID JEFFERSON, of Herald Finance Woolworths Ltd., the big chain store retailer nd supermarket operator, has bought the city store f Foy & Gibson Ltd. in Bourke St. It has bought our other Foys shops in Melbourne suburbs — and neat Ballarat. The sale marks the virtual end of The new boss ictorian section of the retail RP The l°°111 begun by the chairman of Cox retailer FylTas it Frank Richardson. AL burban Foys shops bought 6Y TaE r•nt b.,a17 - rths are at Prahran, Col- It Ac ?" OUR NEW adstone and Northland. acelos,., to 4.,0114 t shop is Morsheads shares are owned by or4V..1
up which made the still owns Georges "TOYS" GROUP number of mu- te interests. today by the What s. IAustralia) e chairman to trade as "BIG W' hs Ltd., the papers the INCE announcing the purchase of six Cox Bros. stores S in Victoria (June, 1967 issue), another two have been said . . . added to'the list. They are "Cox Bros.-Economic Stores" in " CORES of newspapers all Hay Street, Perth, W.A., and "Cox Bros.-Foys" store in Mt. over Australia (and even Gambier, S.A. In all cases, Woolworths ownership and overseas) reported the event. management commenced 1st August. We publish a few extracts: The large, air-conditioned along "new look" lines, in- "The zooming retailer. Perth store occupies an ad- cluding a cafeteria. It will It hardly needed yesterday's vantageous corner position supplement facilities of the deal with the receiver of Cox Bros. to drive home the point in the heart of city, and Company's existing Hay that Woolworths is the most consists of a basement, Street variety store, which extraordinary phenomenon in ground and four upper has become inadequate to Australian retailing. floors all serviced by escala- meet the city's expanding " . . . the buying public can be grateful. Australian retailing tors and elevators. trading opportunities. generally has never been more The store will continue The Mt. Gambier (S.A.) competitive and managerially trading in its present form as store will trade directly as alive than it is now, and Wool- "Economic-BIG W," and in "BIG W;" the Victorian worths has been one of the pacemakers." 1968 will be progressively stores as indicated below The Sydney Morning Herald, altered and modernised each photograph. 1st June, 1967. "Boost for Bourke Street. Apart from increased com- petition which Coles will now * FOYS-BIG W—Bourke and Swanston Sts., Melbourne. encounter, Bourke Street traders seem to welcome the move. They hope that Woolworths, with their penchant for aggres- sive merchandising, will add strength and life to trading in the street." Australian Financial Review, 1st June, 1967. (Excerpts from an interview with Mr. John Holdsworth, President of Prahran Chamber * FOYS-BIG W—in modern CHADSTONE shopping centre, Melbourne. of Commerce, Melbourne): "Taken from any viewpoint, it seemed that the move would be a good thing for Prahan shopping area, he said. . . . We have every reason to expect that an organisation with the reputation and marketing know-how such as Woolworths enjoy could only improve the situation and the centre gen- erally, Mr. Holdsworth con- cluded." * FOYS - BIG W— Collingwood, Melbourne. Inset: FOYS-BIG W—Prahran. Southern Cross, 7th June, 1967. * BIG W (formerly Momileods)—Ballarat, Vic.