By Editor,Nick Wilson

Copyright dailymail

Nike has shut down seven stores in Sydney with more than 100 staff members losing their jobs.

Retail business AF-1, which managed all seven stores including prominent shopfronts on Pitt Street and in Bondi and Chatswood, has entered liquidation.

Liquidator John Morgan from BCR Advisory said all 113 staff had been terminated and trading had ceased at all seven stores.

‘Eligible employee entitlements, including unpaid annual leave, wages and redundancy payments will be paid under the Commonwealth government [Fair Entitlements Guarantee] scheme,’ he said in a statement.

‘The liquidator’s office has provided affected employees with information about this scheme and how to apply for compensation from this Commonwealth government funding.’

More to follow.