Woolworths Group to Shut Down MyDeal, Shifts Focus to BIG W and Everyday Market

MT Newswires Live

Jun 27, 2025

Woolworths Group (ASX:WOW) said it intends to close its MyDeal customer website by Sept. 30 and focus its retail marketplace offer on its BIG W Market and Everyday Market on its website, according to a Friday Australian bourse filing.

The company expects the cash cost of closure to be between AU$90 million to AU$100 million, including a payment for the remaining outside equity interest under existing put and call arrangements as well as redundancies.

The company added that it will incur non-cash costs for the impairment of MyDeal's assets of about AU$45 million.

The company said it will provide a further update on the one-off costs for the closure at its fiscal year results in August.

"The closure of MyDeal will lead to a meaningful reduction in Woolworths MarketPlus operating losses once completed," said Chief Executive Amanda Bardwell.

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