Sam’s Warehouse at Bayside City Plaza is expected to sell off its stock before closing.
TWENTY-TWO Warrnambool workers will lose their jobs when discount store Sam’s Warehouse closes on November 23 as its parent company fights for survival under administration.
They were given the bleak news yesterday morning by phone text messages and email.
It is understood the store in Bayside City Plaza will continue trading seven days a week, selling off its stock until the doors are locked for the last time.
Two staff members have been with the operation for more than 10 years, when it previously traded as Clint’s in Koroit Street and The Warehouse in the Harvey Norman complex.
It has traded at Bayside City Plaza since September 11, 2008, as the south-west’s largest discount retailer with a store area of 2400 square metres.
Parent company Retail Adventures went into voluntary administration last week, with 238 stores and 5000 full-time staff.
Its Chickenfeed and Go-Lo stores have either already closed or will be rebranded as Crazy Clark’s stores.
Retail Adventures chief executive Penny Moss said all retrenched staff would receive full entitlements and offered other employment where possible.
Just three years after entrepreneur Jan Cameron bought the company for $85 million after an initial collapse, it was placed in the hands of Deloitte restructuring services late last week.