GAME to close all stores in Australia
Following the fantastic news that Australia will be getting an R18+ games classification after years of lobbying, comes the very sad news that all GAME stores in Australia will be closing in the coming weeks. This news comes off the back of massive sales and clearances that GAME began running last week, and although the news is not surprising, it is still very disheartening to hear it confirmed by Pricewaterhouse Coopers, the company’s administrators.
Of the 31 stores that are still trading, 16 will close their doors by tomorrow, with the remaining 15 stores to close through the coming weeks. In a statement sent to Gamespot, Kate Warwick, one of the acting administrators said:
“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.”
Pricewaterhouse Coopers had been exploring options to try to keep the company afloat and prevent store closures, including looking for potential buyers. Earlier in the year, the UK arm of GAME was able to be saved through an external acquisition, but sadly this wasn’t possible for the Australian chain.
Our thoughts are with those affected by this announcement.