Retailer Game Australia will shut down all 31 of its remaining stores over the coming weeks, its administrator PricewaterhouseCoopers announced today. Game will close 16 Australian stores immediately and the remaining 15 within a few weeks.
In May, Game Australia entered voluntary administration; it shuttered 60 stores, affecting 264 employees, and cut 17 head office positions. Before any closures, Game had an estimated 500 employees in Australia.
“This is a difficult time for employees, and closing the stores was not a decision we made easily,” Warwick said of Game Australia’s complete closure (and the ones in May). “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.”
Game Australia is running discounts in a final closing-down sale online and in its remaining stores.
Game Australia to close all of its stores in the coming weeks originally appeared on Joystiq on Wed, 20 Jun 2012 01:00:00 EST. Please see our terms for use of feeds.