GAME launches clearance sale, claims it is not a closing-down sale

Retailer GAME Australia has launched a 40-percent-off clearance sale on its online store, despite going into administration earlier this month. The business tweeted from its official account that "the Administrators have given the thumbs up" and denied that it is a closing-down sale.

Although the markdown does require a discount code to be applied online, the clearance sale extends to its physical stores as well.

The Australian arm of the British company went into administration not long after the UK branch experienced difficulties, subsequently removing its stock from the London Stock Exchange and calling for administrators.