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GAME Over For GAME?

Posted by TurtleGirl On March - 5 - 2012

The future of UK’s leading games retailer GAME may be well and truly on it’s way to pulling the plug completely on the business. Last week we reported things went from bad to worse for the video game retailer, when it was revealed that the UK chain store encountered problems when when it failed to strike video game supply agreements with the video games publishers. GAME stock 610 stores and employs 5,800 staff throughout the UK, but dealt a crippling blow last week to gamers surrounding it’s future.
 

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In a recent news article at The Express online website, a source close to the situation said
 

There is a real risk that Game’s directors will pull the plug because they can’t be sure that the company can survive through the next trading season, and then insolvency becomes inevitable”
 

Nick Hood of Company Watch, the corporate health monitoring specialist said “They are in discussions with their legal advisers about whether to shut up shop rather than rack up more losses.
 

The immediate response from RBS will be to push for more store closures, but the tipping point for the directors and the lending banks will come when the stores don’t have products to sell,” said an industry source.
 

This could happen if more suppliers follow suit.”
 

Via The Express

2 Responses so far
  1. Kropotkin Said,

    This is a very sad turn of events for GAME. As much as we love to hurl abuse at them within the video game fraternity, they do a lot for the industry in terms of presence on the High St. If they are considering the ultimate act of pulling the proverbial plug, it would a lot of harm with regards to the perception of the video game industry. Don’t forget that they own GAME and Game Station stores, so their closure would be very much felt.

    Posted on March 5th, 2012 at 1:08 pm

  2. GG Goblin Said,

    Indeed. As they have managed to force the majority of independent video game stores out of business, actually browsing for a new game will be limited to the big sellers that the supermarkets stock. That would be a real shame.

    Posted on March 5th, 2012 at 1:28 pm

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