The Australian arm of custom toy chain Build-A-Bear Workshop will close 10 of its stores by the end of the month after entering voluntary administration on Wednesday.
Remaining stores will continue to trade as normal as the retailer considers its options moving forward.
Build-A-Bear Australia chief executive Gavin Port said the business has been working to combat challenges faced during the year, including increased operating costs, wages and rent, and reduced shopping centre foot traffic, and that the administrative process was intended to restructure the retail footprint for a more sustainable, long-term future.
We have an incredibly dedicated team, and have established a brand that resonates with consumers of all ages, Port said.
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Read the full article at: https://www.insideretail.com.au/news/build-a-bear-australia-enters-voluntary-administration-201903