GAME management told to prepare for administration 'within weeks'

[Samantha]

Managed to get 4 games today.

2 at 49p each for the PS2
1 at 99p for PS2
1 at 98p for DS

Thing is though, they're selling some good stuff really cheap, like new stuff too in some cases especially for 3DS.

Also, games that were like £7.99 last week were £4.98 today, so maybe they might just get lower.

[peteyt]

I went in and prices where cut down but I didn't see anything like so much pence unless I was looking at the wrong bits

[Chris]

Some more info. Not sure what I think about this.

GameStation could be dropped in order to save GAME, it has been revealed.

Closing the chain of stores is one of The GAME Group's preferred options to save the company, according to MCV.

GAME will enter voluntary administration before the weekend, which will be resurrected as a brand new company in its wake on Monday.

The move will remove the group from the stock exchange. It will also only include GAME's UK and Spanish stores, while other regions will be left on their own.

Aside from a handful of well performing stores, GameStation will effectively cease to exist, removing duplicate stores owned by the group to save funds.

"If everyone commits it's great news. A GAME with 300+ stores is what we'll all get, which is basically where they should have been three years ago during the peak," said the source.

"There's no need for two, or even three, stores in the same town or city. They get a chance to reduce debt, keep trading and work out a plan for a new owner without so many financial and lease millstones around their necks."

Other options include refinancing the entire company - although this has been reported to be ruled out - the arrival of a 'White Knight' investor, or administration and closure come next week.

GAME is currently holding crunch talks with suppliers in order to raise store rent for this weekend.

http://www.digitalspy.co.uk/gaming/n...save-game.html

[samsaBEAR]

i don't get why they didn't do that sooner tbh, there's no need for two game stores on one high street, especially when they're both run by the same company

[Zuth]

I dont know why but I much prefer GameStation than GAME

[Robbie]

i don't get why they didn't do that sooner tbh, there's no need for two game stores on one high street, especially when they're both run by the same company

i can't remember if it's manchester arndale or the trafford centre, but there are 2 GAME stores there. it's like, WHY have two in the same building..

[xxMATTGxx]

i can't remember if it's manchester arndale or the trafford centre, but there are 2 GAME stores there. it's like, WHY have two in the same building..

Trafford Centre, one was on the top floor and the other was on the bottom floor. I always wondered why they even did that.

[Technologic]

In the trafford centre there's a game directly above a game....

[Neil]

In Stevenage we have a huge GAME at one end of the highstreet, 2-3 minutes straight up the road is a second game and about 3 stores across from that in a GameStation, it's a bit stupid considering Stevenage isn't exactly a massive place.

[Oleh]

In meadowhall theres a Game then another game diagonally across. On the same floor. 1 Shop per shopping area is sufficient.