Business

Go and grab a bargain to help pay staff

Sam's Warehouse stores, including the one at Pialba, will be reviewed on a weekly basis.
Sam's Warehouse stores, including the one at Pialba, will be reviewed on a weekly basis. Alistair Brightman

WITH 20 Sam's Warehouse stores set for culling this Sunday, the discount retailer in both Hervey Bay and Maryborough will live to sell another day.

On August 3, 20 stores across Australia will close for good, bringing the total of Sam's Warehouse closures to 88 out of 143.

The move has seen a total of 1100 staff affected by the closures, with KordaMentha Restructuring Receivers spokesman Michael Smith saying the priority now was finding the money to pay staff entitlements.

"First thing we have to do is move as much stock as we can through receivers sales to raise enough money to pay the staff entitlements of all the workers, which we hope to pay by September," he said.

"We're appealing to the local community to go and grab a bargain because not only is it an amazing low price but it also helps us to raise money to pay the staff."

Mr Smith said while the stores in Hervey Bay and Maryborough were not among those set to close on Sunday, each would be subject to a weekly review.

"We're reviewing stores on a weekly basis and they will stay open until they've either sold all of their stock or we make a decision to close them before that happens, or if we sell the shop."

However, Stockland Manager Paul Kelsey has confirmed the vacate date for Sam's Warehouse in Hervey Bay is in mid-August after it was extended from the original date of July 31.

Sam's Warehouse Hervey Bay employs about 25 staff. It is unknown how many are employed in Maryborough.

The closures come after DSG Holdings Australia, the name behind Crazy Clarks and Sam's Warehouse, was placed into receivership on July 1.

Topics:  hervey bay, pialba, receivers, sam's warehouse




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