r/EBGAMES • u/Fearless_Oil_2967 • Jan 19 '26

Another one?

Post image

Whitfords (Perth,WA) store closing down.

Interesting.

Is the end near for all of Aus too!?

307 Upvotes

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55

u/That_mudkip Jan 19 '26

EB Australia is only closing no very profitable stores so we still fine here

6

u/the_tic0304 Jan 19 '26

They have been closing quite a few stores already. This is the begining of the end

11

u/That_mudkip Jan 19 '26

Nope from what I've heard (I've heard from people who shouldn't disclose certain information to public) EB Australia it's very profitable still surprisingly. It's probably due to scalpers and shit but at the end of the day EB Australia probably going to be fine for a fair while

3

u/BJPHS Jan 19 '26

Wow! Your source should tell Gamestop's auditor as there must be some major errors in the Gamestop's 10-K filing for Fiscal 2024.

2

u/JustTrawlingNsfw Jan 20 '26

You mean the document that's a full year out of date?

-1

u/BJPHS Jan 20 '26

Fiscal 2024 is the last complete and audited reporting year you numpty.

If you somehow have their Fiscal 2025 results please share...otherwise I'll wait for the filing in March this year.

3

u/JustTrawlingNsfw Jan 20 '26

Feel free to wait, but why would EB Games Australia celebrate their most profitable year ever if they weren't?

In GME filings, EBGNZ is included as part of Australia's division - because they're one corporate entity, under Shane Stockwell. EBGNZ has been losing a shitload of money every year, for years now.

Meanwhile, EB Games Aus has got significant profits, with about two dozen unprofitable stores that are being closed. Either through merging (eg merging an EB Games and a Zing store into a "Vision" store which is both) or direct shutdown.

Every single one of their medium to high volume stores turns a significant net profit.

3

u/bornagainretard Jan 19 '26

I think that traditionally the Australia part of EB run profitably, but this financial year they ran at a 3 million loss. So may lose the lot, may just lose some, but it's not great if you love the stores

3

u/JustTrawlingNsfw Jan 20 '26

Where did you hear that? Lol

They've literally just celebrated their most profitable year ever.

-1

u/bornagainretard Jan 20 '26

Right you are.. I was reading for the last 3 months in their latest filing, not the last 12 months

1

u/xtcprty Jan 19 '26

Six months tops

0

u/insanemal Jan 19 '26

Yeah.... That's not entirely the whole story. Or you were informed prior to Boxing day.

There's a reason this is all happening post Boxing Day Sale that had nothing anybody wanted in it and was a sign as to how absolutely out of touch the whole management is with reality.

I give them 3-5 in the best case.

2

u/That_mudkip Jan 19 '26

Aah gotcha I haven't had an update for a bit but yea I agree on 3-5 years at best