Tue, Jun 19, 2012 | 06:17 BST
All GAME Australia outlets to close
Administrator Pricewaterhouse Coopers has confirmed all remaining GAME Australia stores will close.
Of the 31 stores still open, 16 will close doors for good today, with 15 more on the way out over the next few weeks.
The news comes as little surprise to consumers after GAME kicked off dramatic sales last week.
“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,” administrator Kate Warwick said in a statement provided to Gamespot.
“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.”
GAME Australia was left floundering when its international parent company struck financial trouble; the UK and Nordic arms were saved by external acquisitions, but the local chain failed to secure a buyer or funding.
Best wishes for all employees affected by the closure.