Retail in Asia

In Shops

More Crazy Clarks stores to close

Another 29 Crazy Clarks and Sam’s Warehouse stores in Australia will close and more than 480 employees will lose their jobs following the collapse of parent company Discount Super Group.

The move takes the total number of stores closed to 39, with further closures to be announced this week.

Receivers KordaMentha are looking to close down unprofitable stores while finding buyers for the profitable ones as well as trying to find money to cover about AUD10 million in staff entitlements.