Radio rental to close its South Australian stores – leaving more than 100 people out of work

Furniture and electricity chain Radio Rentals announces the closure of ALL stores in South Australia – leaving more than 100 people out of work

  • The South Australian retailer Radio Rentals has announced the closure of the 12 stores
  • About 100 employees will lose their jobs when the electric chain closes
  • The company is to blame for the & # 39; changing face of the retail & # 39;

South Australian retailer Radio Rentals has announced it is closing all its stores and leaving the online market due to & # 39; challenging business conditions & # 39 ;.

About 100 employees will lose their jobs when the furniture and electricity chain closes the 12 stores in the coming 12 months.

Managing Director Nick Palmer said the company had been looking for other options, including a sale, but those were not found.

South Australian retailer Radio Rentals has announced it is closing all its stores and leaving the online market due to & # 39; challenging business conditions & # 39;

South Australian retailer Radio Rentals has announced it is closing all its stores and leaving the online market due to & # 39; challenging business conditions & # 39;

& # 39; After having worked in South Australia for such a long time, the decision to close our retail business was very difficult and emotional, & # 39; he said.

& # 39; It was only taken after careful consideration and the pursuit of all other strategic options, including a sale.

& # 39; Given the changing and challenging face of the retail trade, these options were unfortunately not feasible.

He said they didn't have an alternative in the end. And that any further delay would be irresponsible.

About 100 employees will lose their jobs when the furniture and electricity chain closes the 12 stores in the coming 12 months

About 100 employees will lose their jobs when the furniture and electricity chain closes the 12 stores in the coming 12 months

About 100 employees will lose their jobs when the furniture and electricity chain closes the 12 stores in the coming 12 months

Rental customers and their contracts are not affected by the closures and employee rights are paid in full, the statement said.

South Australia & # 39; s Radio Rentals opened in 1958 in Adelaide.

It is a separate department for Radio Rentals lease stores that are managed by the Thorn Group in other states.

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