1300 jobs lost from failed discount chain

More Crazy Clark's and Sam's Warehouse stores will close in August, taking job losses from the company's collapse to more than 1,300.

More than 1300 jobs will have been lost from discount retailers Crazy Clark's and Sam's Warehouse when the latest round of stores close next month.

Another 20 stores will cease trading on August 3, taking the total number of closures to 88 stores, from the original 143.

Following the collapse of their parent company Discount Super Group, receivers KordaMentha have been looking to shut unprofitable stores while finding buyers for the profitable ones.

They are appealing for customers to take advantage of massive discounting in the stores set to close, as the proceeds will be used to pay the $10 million owed to employees.

"We are hoping to pay all staff entitlements by the end of September, but that depends on selling a lot of stock and chunks of the business," a KordaMentha spokesman said.

DSG was placed in voluntary administration on July 1, the second time owner Jan Cameron has put the discount store brands into the hands of receivers in two years.

Ms Cameron, best known as the founder of outdoor goods retailer Kathmandu, placed the two brands into administration in 2012 with $170 million in debt.

She later bought them back for just under $60 million, but has ruled out buying the chains back for a third time.


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