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.
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