All remaining GAME Australia stores will close, administrator PriceWaterhouseCoopers has confirmed.
The future of the troubled retailer has been uncertain since it entered administration in May, following a similar situation in the UK. There was some hope of saving at least some of its Australian locations after initial closures, but a suitable buyer could not be found.
PwC has announced that 16 of the remaining stores have been closed today, and the rest will soon follow.
"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," said PwC partner Kate Warwick.
“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."
Our condolences go out to GAME staff.
By Ben Salter - Bio