GAME Australia To Shut All Remaining Stores

News

In what seems to be the final nail in the coffin for GAME Australia, administrators PriceWaterhouseCoopers (PwC) have announced that all remaining stores of the gaming retail chain will close. Sixteen of those stores will be close with immediate effect while the rest will eventually close in the next few weeks. This follows the shutting down of 60 stores not long ago.

The closures were confirmed in a statement made by administrator Kate Warwick to Gamespot:

“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.”

Rumours were circulating that GAME Australia could not find a buyer last week and it seems they are true if the closures of all of the remaining stores is anything to go by. Online purchases are still available at the moment, with up to 60% off regular prices on most stock. With these closures, there is no denying that the possibility of liquidation is in fact a reality. PwC will actually present this option in a meeting with creditors today. It was only in May when GAME entered voluntary administration.

The real losers in this closure are the general public. People in those stores (as well as the ones that have already closed) have lost their job, a way to earn an income. Gamers themselves lave lost a competitor, another choice to shop. This brings me to the following question: What are your thoughts on GAME’s demise? You can share them in the comments section below.

Source: Gamespot

Josh is the name, writing is my game... well my degree will say that. But, when uni gets me down (and it does), there is no better way that to grab a chair, sit back and slicing up some Darkspawn I started my gaming interest back in the good old 16 bit era with the Sega Mega Drive and Sonic The Hedgehog 2. I was roughly five years old. To this day I still try to fire up the dusty companion and speed through the wacky and bright levels, jumping on some Badniks, collecting those damn Chaos Emeralds. Then I moved onto Sony's disk based console the Playstation (thanks to my uncle). Since then I have picked up each of Sony's consoles from the 5th to current generation that has been released in Australia (with more to come). In terms of writing about games, I am quite new to the field. I started out late last year with my own blog before deciding to move to greener pastures. I have written a few reviews for the Playstation 3 and Playstation Portable. Features as well. I hope I can flex my muscles while writing with Capsule Computers. If I'm not gaming, however, I'm writing narratives. I am currently trying to kickstart a high fantasy novel (which, hopefully, turns into a complex RPG) that I want done in five years or so. My passion of writing has been there for a long time and has flourished as I grew. I'm into the fantasy genre, both games and novels, and thoroughly enjoy a deep and complex RPG, whether it comes from the East or West. Oh and anime is awesome!

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