Doors close on gaming store
- 01 September, 2005 22:00
GAMES, console and DVD buyers have one less place of purchase, now the doors have closed on retailer Central Park Interactive.
Central Park and Pack & Pedal are subsidiary companies of Outdoor Retail Group, which was placed into receivership last month.
Prominent Auckland businessman and publisher of the National Business Review Barry Colman is director of Outdoor Retail Group — now in the hands of receivers McGrathNicol and Partners.
Receiver William Black says a team of 18 staff has been retained to assist with a stock take, following which stock will be relocated to a central Auckland location where it will be sold.
Black says there are a number of creditors that are owed money but couldn’t give any further details at this stage.
“It’s still possible someone could buy Central Park as there are a number of people interested in the business, otherwise the stock will be sold to the public,” he says.
Central Park operated 12 stores across Auckland, Hamilton, Christchurch, Wellington and Dunedin and employed 27 full-time and 30 part-time staff.
Bruce Miller, managing director Softprint Interactive and a supplier to Central Park, says the closure of Central Park will not cause the demise of his company as it supplies a large number of other retailers, including retail giant The Warehouse.
Central Park’s collapse comes only three months after the Noel Leeming Group shut down its five Big Byte stores.
IDC hardware analyst Liam Gunson believes the closure of both Central Park and Big Byte could be linked to a reduction in consumer spending.
“I’d agree it’s a sign of the times. As the economy slows down consumer spending cuts back, which could also see PC sales flatten out,” he says.
Yet Gunson doesn’t think the might of The Warehouse is jeopardising the future of retailers.
“The Warehouse seriously undercuts other music stores but we haven’t seen Sounds closing down — there is still room for specialist stores.”
He points to when The Warehouse began selling Dell computers, which he says initially caused a lot of animosity from local assemblers but didn’t affect their market.