GAME management told to prepare for administration 'within weeks'

[wixard]

oh my friend works in game and they were told it's just the Irish stores closing? anyway they're not getting paid starting this week and were only told this about 3 days ago and they're PISSED so doing a sit in

[Robbie]

oh my friend works in game and they were told it's just the Irish stores closing? anyway they're not getting paid starting this week and were only told this about 3 days ago and they're PISSED so doing a sit in

sit in probs wont do much, not gonna do anything if they're in administration. won't give a **** about the staff now will they. the closest one to me has closed but the gamestation is still open.

[Oleh]

I heard RBS may be forcing their way in, declining another buyers access or something due to them controlling their money.

[Jssy]

the closest ones to me - 2 out of 3 of them has shut down. Still there's gamestation and cex wooo

[Chris]

Game.co.uk is back online! I need to pre-order prototype 2, but I think I'll be doing it elsewhere.

[Chris]

Im sure everyones heard, but game has been saved;

GAME has been saved from administration, according to reports.

A deal has been officially reached with investment firm OpCapita to save the struggling gaming retailer, according to MCV.

OpCapita reportedly amended their original bid that was first reported yesterday (March 31).

The firm are said to have paid a nominal fee in order to seal the claim, in a similar way to how they paid £2 for Comet last year.

However, the deal only applies to GAME's UK business, with their overseas operations still struggling and available to buyers.

Hilco and GameStop are currently still in the hunt to purchase GAME's foreign territories.

It is not confirmed if supply agreements have been made with each UK supplier to GAME, but it is understood that some companies have agreed to return.

OpCapita will set up a new management team tomorrow (April 2).

For the time being, all of GAME's remaining 333 stores and 2,814 UK staff are safe, but none of the closed retail outlets will be reopened.

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

[GommeInc]

Im sure everyones heard, but game has been saved;



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

Begs the question, "But for how long?" There has to be a huge shake up, games are just one type of product that is cheaper to buy online from the convenience of a good chair. It's not like food or clothes, where people want to physically touch the product - there's no actual reason to buy games from a store-based retailer anymore, not a specialist one like Game at least.

[dbgtz]

Begs the question, "But for how long?" There has to be a huge shake up, games are just one type of product that is cheaper to buy online from the convenience of a good chair. It's not like food or clothes, where people want to physically touch the product - there's no actual reason to buy games from a store-based retailer anymore, not a specialist one like Game at least.

There's nothing wrong with the market as such, but there were just too many shops for the amount of demand plus competition from HMV and other retailers meant what Game was doing was completely idiotic. I think if they keep to one store per area they'll do fine for a few years at least.

[Ellz]

the game near me has closed down or is closing down! i liked game

[GommeInc]

There's nothing wrong with the market as such, but there were just too many shops for the amount of demand plus competition from HMV and other retailers meant what Game was doing was completely idiotic. I think if they keep to one store per area they'll do fine for a few years at least.

Acquiring Gamestation was a HUGE mistake That said, I'm not convinced GAME can be saved or amount to anything special. HMV is barely surviving and its main competition was Game Group Plc, so it doesn't speak wonders for either retailers. Online retailers like Amazon.co.uk are the way forward, with supermarkets like Tesco, Sainsbury's and Asda as the choice for buying a physical game. Consumers are lazy sods these days, they prefer convenience shopping than going for exercise or the experience. It could amount to be a good store, but I can't help but be cynical.

Speaking of which, does anyone remember when GAME opened their online store? I strangely preferred it over Play.com and Amazon at the time.