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60 GAME Australia stores to close


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.

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