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Old 03-31-2012   #1 (permalink)
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Default UK Retailer GAME saved - for now...
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The investment group, Opcapita, will announce on Sunday it is buying the rump of the troubled Game Group out of administration, the BBC understands.The deal will keep open 333 stores and save 3,100 jobs.Half a dozen banks, led by Royal Bank of Scotland, who are owed £85m, have approved the takeover, says BBC business editor Robert Peston.Last Monday the video game retailer went into administration, with 277 stores closing down immediately.Administrators PricewaterhouseCoopers (PwC) also announced 2,104 staff would be made redundant but the remaining 333 stores were kept open as they searched for a buyer for the business.The retailer had suffered from high fixed costs and an ambitious international expansion.Its business has been hit by competition from online retailers.

Source: thetechgame.com
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Old 03-31-2012   #2 (permalink)
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Default Re: UK Retailer GAME saved - for now...
"Its business has been hit by competition from online retailers."

So has Best Buy. They are closing 50 some locations but opening around 90 kiosks.
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Old 03-31-2012   #3 (permalink)
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Default Re: UK Retailer GAME saved - for now...
I love how they cover the world news lol XbNN like CNN lol

except its xbox Nation news
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Old 03-31-2012   #4 (permalink)
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Default Re: UK Retailer GAME saved - for now...
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Originally Posted by Vital Programming View Post
I love how they cover the world news lol XbNN like CNN lol

except its xbox Nation news
It's related to gaming...
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Old 03-31-2012   #5 (permalink)
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Default Re: UK Retailer GAME saved - for now...
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It's related to gaming...
I know.. I was just making a figure of speech lol.
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Old 03-31-2012   #6 (permalink)
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Default Re: UK Retailer GAME saved - for now...
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Originally Posted by AlchemySolGod View Post
"Its business has been hit by competition from online retailers."

So has Best Buy. They are closing 50 some locations but opening around 90 kiosks.
Stores have to adapt. For many products the old store model is dying.
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Old 04-01-2012   #7 (permalink)
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Default Re: UK Retailer GAME saved - for now...
That's a relief because I wouldn't be travelling ten miles to my nearest GAME store.
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Old 04-03-2012   #8 (permalink)
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glad to here it gamestation has been wiped out of my town.
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Old 04-03-2012   #9 (permalink)
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It's sad how lazy people are becoming
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Old 04-03-2012   #10 (permalink)
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Default Re: UK Retailer GAME saved - for now...
not surprised that game was in trouble. been conning people outta of money for years. thats why people stop going to them. i use gamexchange for my trade in now. you get more money back
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