Woolworths Limited is set to invest $56 million in Tasmania over the next five years, according to Woolworths’ CEO Grant O’Brien.
The investment will create an extra 400 jobs in retail, and Mr O’Brien said that it was a vote of confidence for the future of the state.
Twenty-seven projects are planned across Tasmania from Woolworths, including a supermarket in Lauderdale, Hobart’s East, seven BWS stories, five BWS renovations, six supermarket extensions and three supermarket renovations.
Sandy Bay will be one area set to see some funding for the supermarket.
A couple of Big W stores have also been speculated for Launceston and Devonport.
An $80 million joint-venture 46,000sqm distribution centre was opened in Launceston recently to increase efficiency for over 250 stores statewide.