FINANCIAL administrators will not discuss reports that discount retailer Sam’s Warehouse is set to close its Tamworth store in less than four weeks.
Despite reports liquidation sale signs are already up throughout the store, no one there, or at the office of the administrators, Deloitte, was willing yesterday to confirm any details of a reported closure.
John Treloar, the spokesman for the Treloar family who own the building, told The Leader yesterday he had also contacted administrators to find out what was going on but even he could not get confirmation.
“It would be good to know, because if it is going to close I could start looking for a new tenant,” he said.
Reports are circulating that suggest the store could close as early as February 8.
Voluntary administrators for Retail Adventures Pty Limited – the parent company of Sam’s Warehouse, Go-Lo, Chicken Feed and Crazy Clark’s stores nationally – were appointed on October 26 last year.
At the time an agreement was put in place between Retail Adventures and DSG Holdings Australia Pty Ltd for them to manage the 238 Crazy Clark’s and Sam’s Warehouse stores.
A spokesman said the company had tried to restructure, but due to costs it had not been possible.
The licence arrangement was designed to allow the Crazy Clark’s and Sam’s Warehouse stores to continue to trade under a new management structure and ensure the employment of 5000 people across the country.
Following a creditors meeting held on November 7, more stores were closed.
The Tamworth Crazy Clark’s store had closed in the lead-up to the company entering administration, but stores at Glen Innes and Armidale also ended up facing closure.
Yesterday Deloitte corporate affairs and communications manager Simon Rushton said he was not able to comment on the status of individual stores.
“The entire Retail Adventures store network remains under ongoing review as part of the voluntary administration process,” he said.
“If a store is under performing, closure is always a possibility.
“The vast majority of stores continue to trade profitably.”