Closed gaming retailer EB Games suffered an $11.4 million loss in its last financial year, it can now be revealed.
The business announced the closure of all 38 of its New Zealand stores in January, disestablishing all roles in the process.
The decision followed the outcome of a consultation process with staff and a prolonged period of financial difficulty.
An internal email cited by Stuff at the time informed employees that the company had suffered years of profit decline amid ongoing pressure in the retail sector.
The email added that the New Zealand business recorded a multimillion-dollar loss in the 2024 financial year, with no significant improvement anticipated in the current year.
