GAME management told to prepare for administration 'within weeks'

[Samantha]

You'd think they'd expand their shop a bit if they have one on top of each other, they not thought of joining them up and having different things in each floor?

However, I remember with the new Trinity Walk at Wakefield there were 2 GAME shops and a Gamestation the other GAME one has now shut but it was like why.

Now, when you walk up the street from Iceland, you come upto Gamestation then HMV (then there used to be GAME but has since moved) then Grainger Games then CEX it's really pointless.

[beth]

in birmingham city centre there is a game and a game station a minute apart from eachother with another game station about 2 minutes up the road.

[Chris]

Didn't want to risk losing my game gift cards, so I got 4200 microsoft points today as there was nothing else I wanted.

Also, bit of an update here:

GAME has attracted six potential buyers in the wake of its decision to enter administration.

The GAME Group was delisted from the London Stock Exchange yesterday, before filing for administration in the afternoon.

GAME's UK stores and assets have piqued the interest of six potential bidders, while a further 20 suitors mull over GAME Group's international operations, reports MCV.

As previously reported, GameStop remains keen to expand, while Comet owner OpCapita is not ruling out another bid. Hilco, meanwhile, is interested in GAME's international operations.

Administration means that GAME Group will be protected by its creditors during the ten-day period while it seeks a buyer. An administrator will be appointed this morning.

Closing its chain of GameStation stores is said to be one of the main avenues GAME Group is exploring to save the company.

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

[dbgtz]

Didn't want to risk losing my game gift cards, so I got 4200 microsoft points today as there was nothing else I wanted.

Also, bit of an update here:



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

I wouldn't mind Opcapita buying Game group, they seemed to do well with Comet (considering it hasn't closed down I will assume it is doing well anyway), I just really do not want Gamestop.

[xxMATTGxx]

Looks like it's official now:

Game Group goes into administration

Britain's biggest video game retailer, Game Group, has gone into administration.

It means there are serious doubts about the jobs of the staff at its 1,300 stores, 600 of which are in the UK.

The administrators from PricewaterhouseCoopers said that the retailer had suffered from high fixed costs and an ambitious international expansion.

http://www.bbc.co.uk/news/business-17512143

[AlexHenry]

It's a shame, as always, to see another business fall but their prices are so expensive and most people go online these days...

[xxMATTGxx]

This is what their website currently says:

[Oleh]

I was going to go into gamestation to enquire about a job at half 3 aswell , doesn't look like I will now. On one side it's a shame that they're having to do this, but they also overprice games in comparison to other outlets.

[peteyt]

It's a shame, as always, to see another business fall but their prices are so expensive and most people go online these days...

I was going to go into gamestation to enquire about a job at half 3 aswell , doesn't look like I will now. On one side it's a shame that they're having to do this, but they also overprice games in comparison to other outlets.

I thought people where complaining their games where too cheap that developers didn't get much - if they are selling new stuff at a decent price then the developers would get a fair price right?

[Oleh]

I thought people where complaining their games where too cheap that developers didn't get much - if they are selling new stuff at a decent price then the developers would get a fair price right?

They have to buy them at a set price from the wholesaler, then gain there £4-5 profit on that. Their downfall is they buy a certain amount of stock and don't make much profit due to several sales = the profit to buy one game. It's why they push for pre-owned due to the profit margin being a whole lot bigger therefore negating the losses on new games.