Ecatombe Annunciata

E’ brutto, terribilmente brutto, ma…..io ve l’avevo detto

Chiusi 277 negozi di Game

Tra Gamestation e Game sono stati persi 2.144 posti di lavoro in UK

Dei 609 negozi britannici della catena Game (che include anche l’insegna Gamestation), 277 sono stati chiusi, tra cui quasi tutti quelli situati in Irlanda, a causa della gravissima crisi economica che la catena sta vivendo. MCV ha riportato la lista completa dei punti vendita chiusi, per un totale di 2.144 licenziamenti, specificando che se non si troverà al più presto un possibile acquirente altre chiusure potranno verificarsi.

Fonte: e-duesse

GAME suspends shares as it says no equity is left in the group

UK entertainment retailer GAME has suspended its shares from trading on the London Stock Exchange as its financial situation worsens. The company issued a statement in which it said: “The Board now considers itself to be unable to assess the business’ financial position and is of the opinion that there is no equity value left in the group.” The company and its lenders will now be hoping that a bidder comes forward for its business, which comprises more than 1,300 stores including approximately 600 in the UK.

Fonte: Planet Retail

GAME on the brink of administration

UK-based GAME’s troubles have worsened as the group admits that it has not been possible to source new products from a number of suppliers. According to MCV, the entertainment retailer told senior members of its management team over the weekend that it has approximately two weeks to turn around its fortunes or face administration. In the meantime, the company is reducing prices and continuing discussions with companies interested in its overseas operations.

GAME issued the following statement: “Further to GAME’s announcement of 29 February 2012 and recent press speculation, the group confirms that it remains in discussions with its suppliers and lenders in relation to terms of trade that allow the business to operate within the facility provided by its banking syndicate, as announced on 3 February 2012, and to meet its revised strategic plan. While these discussions are on-going, it has not been possible to source new products from a number of suppliers. The Board of GAME is working actively to resolve these issues as quickly as possible. This includes on-going discussions with suppliers, seeking access to the original facility or alternative sources of funding and reviewing the position of all of its assets in the UK and international territories. It is uncertain whether any of the solutions currently being explored by the Board will be successful or will result in any value being attributed to the shares of the company.”

Fonte: Planet Retail

Ne Resterà Soltanto Uno

GAME to exit COMET shops while GAMESTOP eyes its international stores

08 March 2012 

UK-based GAME is to end its partnership with consumer electronics retailer Comet as part of its store closure programme, Retail Week reports. GAME confirmed that it will divest its six Comet concessions later this year. Meanwhile the company is continuing to hold talks with bidders for its international business which it put up for sale last month. It is understood that GAME adviser Rothschild met with US retailer GameStop last week. GameStop is thought to be interested in acquiring parts of GAME’s international business, particularly its operations in Iberia.

Fonte: Planet Retail

Quando la GD diventa piccola

GAME misses Mass Effect 3 launch as supplier becomes cautious

UK-based GAME has confirmed it will not be stocking the new role-playing game Mass Effect 3 when it launches next week after failing to agree to credit terms with producer Electronic Arts (EA). This has led to further speculation as to the future of the troubled retailer which also recently failed to stock Wii RPG The Last Story, Tekken 3DS and Ubisoft’s PlayStation Vita launch line-up.

The entertainment retailer is in the process of conducting a strategic review of its business after like-for-like sales slumped 15.2% in the eight weeks to 7 January 2012. The company issued a statement on its website saying: “The high street is having a tough time at the moment because people have less money to spend. We’re doing as much as we can to give our customers the widest possible range during this time, but as flagged before, we need our partners’ help in order to do this. We want to be in a position where we’re selling as much of their products as we possibly can. We need their help to do this and that’s what we’re working on at the moment.”

A spokesman for EA told The Guardian that GAME’s challenges with several of its suppliers was “regrettable” but pointed out that Mass Market 3 would be widely available elsewhere.

Fonte: Planet Retail