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Australia Businesses The Almighty Buck Games News

GAME Australia Now Also In Administration 57

Posted by Soulskill
from the going-under-down-under dept.
Fluffeh writes "Yesterday the Australian Division of GAME saw an email from their Marketing Manager confirming that the 95-store chain has gone into voluntary administration. PriceWaterhouseCoopers partner Kate Warwick said, 'Initially we will continue to trade all stores, operating these on as close to a "business as usual" mode as possible whilst we get a clearer understanding of the current state of the business and actively pursue options to secure its future.' It also seems that GAME is having a bit of a fire sale, with many titles, including quite a few new releases, now in a $5-$74 bargain bin. Ms. Warwick also noted that the company's customers hold various claims against the company under loyalty cards, gift cards and vouchers. She said, 'We are working on schemes aimed at giving customers some return on these claims if they are used to make additional purchases.'" This follows similar news from the UK in March.
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GAME Australia Now Also In Administration

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  • Re:Bargin Bin? (Score:2, Insightful)

    by Anonymous Coward on Monday May 14, 2012 @06:01PM (#39999905)
    What a ridiculous statement. The US minimum wage sucks balls, but to use that as a justification for inflated costs is just batshit idiocy. If you want to try some comparisons then how about Sydney is a more expensive place to live than ANY city in the US that includes LA or NY. Australian food prices are also significantly higher to account for the higher wages of service staff.

The only function of economic forecasting is to make astrology look respectable. -- John Kenneth Galbraith

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