Store closures have begun at the financially troubled Crazy Clarks discount chain, putting 111 employees out of work.
More jobs will go as another 33 stores look likely to close in the coming weeks.
Discount Super Group (DSG), the owner of Crazy Clarks and Sam’s Warehouse, was placed in adminstration on Tuesday, and its receivers plan to sell the profitable stores in order to fund an estimated AUD10 million (USD9.4m) in entitlements owed to workers.
(Source: The Sydney Morning Herald Online )