FedEx Kinko's closes Australian stores

FedEx Kinko's exits the local printing game, closing down all its 11 Australian stores.

FedEx Kinko's has stores located throughout Sydney and Melbourne that according to company spokesperson, Jenny Robertson, were not making enough profit to remain commercially viable.

"Given our limited presence in Australia, the support costs to operate our printing centres exceeded the revenue we were able to generate from those locations," she said.

"We did not make this decision lightly," Robertson admitted. "We are focussing on markets where we have a larger presence."

Australia is not the only country to fall under FedEx Kinko's axe. Operations in Mexico and the Netherlands will also close, and the United Kingdom may follow. In the United States, 200 employees were made redundant as part of a restructure. "We reorganised our headquarters and support functions [in the US]," Robertson said.

Robertson was not able to specify a date for the Australian closures. "We are working with our landlords to determine closing dates for each location," she said.

Staff from one Sydney city branch said that they expected their store to close early next year.

Blake Watermeier, CEO of FedEx Kinko's Australia was unavailable for comment.