Administrator PricewaterhouseCoopers announced that the game retailer, GAME Australia, will close 16 stores immediately with the remaining 15 locations closing in the coming weeks.
This news comes weeks after the struggling retailer went into administration. Prior to this final round of closures, 60 stores were were closed and 281 staff members were laid off, including many from the company's head office.
A meeting is slated for tomorrow to discuss the future of the company. Rather, a meeting is slated for tomorrow to discuss the lack of a future for the company.
(via)
This news comes weeks after the struggling retailer went into administration. Prior to this final round of closures, 60 stores were were closed and 281 staff members were laid off, including many from the company's head office.
Kate Warwick remarked:
"In the interests of creditors, the 31 remaining Game stores are to be closed over the coming weeks and a final closing down sale has commenced with discounts of up to 60 percent available in-store and online.
"This is a difficult time for employees and closing the stores was not a decision we made easily. Despite exploring available opportunities for continued trading, the ongoing trading performance and absence of viable offers for the purchase of the business has resulted in these closures."
"In the interests of creditors, the 31 remaining Game stores are to be closed over the coming weeks and a final closing down sale has commenced with discounts of up to 60 percent available in-store and online.
"This is a difficult time for employees and closing the stores was not a decision we made easily. Despite exploring available opportunities for continued trading, the ongoing trading performance and absence of viable offers for the purchase of the business has resulted in these closures."
A meeting is slated for tomorrow to discuss the future of the company. Rather, a meeting is slated for tomorrow to discuss the lack of a future for the company.
(via)
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