Radio Rentals Prospect liquidating stock
Radio Rentals has announced plans to exit its retail and online sales operations in South Australia and close its stores over the next two months.
Rental customers are not affected. The consumer rental business, which finances rental contracts through various retailers, including Radio Rentals, is provided by inRent which is owned by a separate entity and is not impacted. Rental customers should visit www.inrent.com.au for further information and FAQs.
After such a long time in business in South Australia, the decision to close our retail operations was a very difficult and emotional one. It was only taken after careful consideration and pursuit of all other strategic options including a sale.
The company will support and counsel employees who are impacted and help them to find new jobs. To that end, an external employment agency is being engaged to assist. We recommend our employees to new employers.
There will be no impact on existing inRent rental contracts. Rental customers will continue to receive the benefits of renting with inRent, including ongoing product servicing and upgrades, and customer obligations under rental contracts are ongoing. Rental customers will be contacted by inRent directly with payment options for customers who currently pay their rental in our stores and FAQs.
The head office at Main North Road, Prospect, will remain open to service rentals and for sales of ex-rental inventory. The other 12 stores throughout South Australia will close around mid-June. Radio Rentals will clear all retail stock over this period.
Radio Rentals started in Rundle Street, Adelaide, in 1958.
“Our success, as a South Australian family owned business was built around generations of wonderful employees, valued customers and business partners and a mission to make electrical and home appliances affordable and accessible to more and more homes and families,” said Managing Director, Nick Palmer.
“We take this moment to thank everyone. We look back with pride on our contribution… the jobs we created, the economic growth that we drove and the choice and services we provided to generations of South Australians.”
All gift cards will be honoured or refunded.
Queensland based counterpart R.T. Edwards will also be affected.
Radio Rentals Prospect liquidating stock
Radio Rentals has announced plans to exit its retail and online sales operations in South Australia and close its stores over the next two months.
Rental customers are not affected. The consumer rental business, which finances rental contracts through various retailers, including Radio Rentals, is provided by inRent which is owned by a separate entity and is not impacted. Rental customers should visit www.inrent.com.au for further information and FAQs.
After such a long time in business in South Australia, the decision to close our retail operations was a very difficult and emotional one. It was only taken after careful consideration and pursuit of all other strategic options including a sale.
The company will support and counsel employees who are impacted and help them to find new jobs. To that end, an external employment agency is being engaged to assist. We recommend our employees to new employers.
There will be no impact on existing inRent rental contracts. Rental customers will continue to receive the benefits of renting with inRent, including ongoing product servicing and upgrades, and customer obligations under rental contracts are ongoing. Rental customers will be contacted by inRent directly with payment options for customers who currently pay their rental in our stores and FAQs.
The head office at Main North Road, Prospect, will remain open to service rentals and for sales of ex-rental inventory. The other 12 stores throughout South Australia will close around mid-June. Radio Rentals will clear all retail stock over this period.
Radio Rentals started in Rundle Street, Adelaide, in 1958.
“Our success, as a South Australian family owned business was built around generations of wonderful employees, valued customers and business partners and a mission to make electrical and home appliances affordable and accessible to more and more homes and families,” said Managing Director, Nick Palmer.
“We take this moment to thank everyone. We look back with pride on our contribution… the jobs we created, the economic growth that we drove and the choice and services we provided to generations of South Australians.”
All gift cards will be honoured or refunded.
Queensland based counterpart R.T. Edwards will also be affected.