Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Game Australia to close all of its stores in the coming weeks]]>http://www.joystiq.com/2012/06/20/game-australia-to-close-all-of-its-stores-in-the-coming-weeks/http://www.joystiq.com/2012/06/20/game-australia-to-close-all-of-its-stores-in-the-coming-weeks/http://www.joystiq.com/2012/06/20/game-australia-to-close-all-of-its-stores-in-the-coming-weeks/#comments GAME Australia now in the process of shutting stores downRetailer 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.

JoystiqGame 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.

Permalink | Email this | Comments]]>3dsadministrationclosuredsgamegame-australiakinectmicrosoftmovenintendoplaystationplaystation-vitaPricewaterhouseCoopersps3pspPWCsonyvitawiixboxWed, 20 Jun 2012 01:00:00 EST<![CDATA[60 GAME Australia stores to close]]>http://www.joystiq.com/2012/05/26/60-game-australia-stores-to-close/http://www.joystiq.com/2012/05/26/60-game-australia-stores-to-close/http://www.joystiq.com/2012/05/26/60-game-australia-stores-to-close/#comments GAME Australia administrators announced plans to close 60 retail stores at the cost of 264 jobs, GamesIndustry International reported Friday. An additional 17 head office positions will be terminated at the company.

In a media release, Kate Warwick of PricewaterhouseCoopers said, "this is a difficult time for employees and closing the stores was not a decision we made easily. However it is not financially viable to continue to operate at this level at this time." Warwick was appointed as voluntary administrator of GAME Australia on May 14.

The Australian Financial Review posted a list of the 60 stores that have closed.

Joystiq60 GAME Australia stores to close originally appeared on Joystiq on Sat, 26 May 2012 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>australiaclosuregamegame-australiaretailSat, 26 May 2012 15:00:00 EST