PricewaterhouseCoopers, administrator for GAME Australia, announced plans to close a number of underperforming retail stores in the country today. PricewaterhouseCoopers announced that it will close 60 stores in Australia and lay off 264 employees. Seventeen additional employees will be let go at GAME's head office as well.
"This is a difficult time for employees and closing the stores was not a decision we made easily," said Kate Warwick of PricewaterhouseCoopers. "However it is not financially viable to continue to operate at this level at this time."