AusBN – Australian broadcaster ABC has announced that it will be shutting its retail stores due to them no longer being profitable.
Managing director Mark Scott said the company would close 50 stores and 78 ABC centres within other retailer’s stores to stop “inevitable losses” in the future.
The books, DVDs, music and television merchandise sold by the shops will instead be sold online via the website ABC Shop Online.
ABC commercial director Robert Patterson said the decision had not been made lightly, but would create “a more cost-effective, nimble and flexible approach to servicing customers”.
As many as 300 shop staff will lose their jobs, in addition to 400 jobs cut at the broadcaster earlier this year as a result of A$254 million in funding cuts.