GAME Uk Officially Gone Into Administration

[Nakatomi Uk]

http://www.theinquirer.net/inquirer/...administration

VIDEO GAMES RETAILER Game Group has gone into administration.

Game Group, which includes Game Stores and Gamestation, has gone into administration with MJA Jervis and SD Maddison being appointed as joint administrators. Game's web site has been replaced with a placeholder saying it is "currently reviewing and processing orders placed on this website".

Last week trading in Game Group's shares was suspended after the company's directors admitted there was "no equity value left in the group", revealing the firm was insolvent. Game had suffered during the Christmas period, typically the busiest time of the year. and more recently it had been unable to buy stock including the triple-A title Mass Effect 3, which only served to highlight the plight of the retailer.

Mike Jervis, one of the administrators told the BBC, "Despite these challenges, we believe that there is room for a specialist game retailer in the territories in which it operates, including its biggest one, the UK. As a result, we are hopeful that a going concern sale of the business is achievable."

Game employs over 10,000 people in several countries and there is no news of layoffs yet. As for those who placed orders and presumably are wondering if they will receive shipment, the firm said that its customer services team will be able to help.

Source: The Inquirer (http://s.tt/18dCh)

http://uk.gamespot.com/news/game-goe...ration-6368067

Troubled British specialist retail group Game has officially entered administration, it was announced today. The move was widely expected after the firm suspended its shares last week and announced its intention to call in administrators.

EA pulling Mass Effect 3 from Game stores was widely seen as very bad news for the group.

EA pulling Mass Effect 3 from Game stores was widely seen as very bad news for the group.

Game Group--which runs both Game and Gamestation stores in the UK and mainland Europe-employs around 10,000 people globally. Of those, 385 work in the firm's Basingstoke headquarters and 5,136 in its shops in the UK and Ireland. The firm had a turnover of £1.6 billion ($2,6 billion) in the 12 months to January 2012.

"This decision is taken after careful consideration and ceaseless interrogation of every possible alternative," the Group said in a statement released this morning.

The firm has had issues with obtaining credit from its suppliers on good terms and latterly getting stock. A falling out with EA shortly before the release of Mass Effect 3 was widely seen as the death knell for the firm in its current form. "The group has faced serious cashflow and profit issues over the recent past. It also has suffered from high fixed costs, an ambitious international roll-out and fluctuating working capital requirements," according to PricewaterhouseCoopers' Mike Jervis, one of the administrators.

"As a result, we are hopeful that a going concern sale of the business is achievable," Jervis concluded.

UPDATE: The firm has issued a statement saying that "until further notice" all Game gift cards have been frozen, along with points in GameWallet accounts and on Game Reward Cards. No new pre-orders are being taken, and no refunds can be obtained for existing pre-order deposits. Software trade-ins are still possible for those looking to accrue Game Reward points or exchanges conducted in the same purchase. Trading in software for cash and trading in hardware at wall have both been indefinitely suspended. The firm is also not currently able to offer refunds or exchanges, irrespective of whether the purchases were made before or after administrators were brought in.

Well was to be expected from a few weeks back but to be honest I wasn't doubting it years ago there pricing structure was a mess and they wasn't even trying to match the next best high street seller, for slightly cheaper games from them you had to order online as in store the same game on launch was usually a few £'s more. If they do manage to come back I can either see them being a online only game site to get back up a step or defo close quite a few shops to save costs. Its a shame either way cause of the job losses thats the main thing here.

[timberflake]

I still believe there should be a dedicated gaming retailer on the highstreet, but Game's business model was all wrong.

They need to sort things out with the publishers, price their 2nd stock correctly, and become more competative on new stock.

IF they can do this they then need to look at building a business that gamers want to visit; stock retro consoles/games, hook consoles up so people can play the latest games, hold FIFA tournaments etc. Hell, why not put sofa's in, snack bars etc & make it a place people want to spend their time in.

Gamers will always want the latest titles, the key to securing their business is to offer a competative price & something no other retailer does.


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[keefy]

http://www.theinquirer.net/inquirer/...administration



http://uk.gamespot.com/news/game-goe...ration-6368067



Well was to be expected from a few weeks back but to be honest I wasn't doubting it years ago there pricing structure was a mess and they wasn't even trying to match the next best high street seller, for slightly cheaper games from them you had to order online as in store the same game on launch was usually a few £'s more. If they do manage to come back I can either see them being a online only game site to get back up a step or defo close quite a few shops to save costs. Its a shame either way cause of the job losses thats the main thing here.

Not to mention the download prices they wer extortionate, th game was £20 if ot it delivered but it was £30-£35 if you downloaded it.

[rich15]

Game stores that have officially been closed:

Abergavenny	Unit 3 Cibi Walk, Frogmore Street
Accrington	29 Broadway
Aintree	Comet
Altrincham	97 George Street
Andover	49 High Street
Antrim	Unit 42, Junction One Outlet Centre
Ashford	18 County Square
Ashington	12 Station Road, Ashington
Ashton	Unit 28, The Arcade
Athlone	Unit 44 Athlone Town Centre
Aylesbury	Units 36-37, Friars Sq. Shopping Centre
Ballymena	Unit 15 Fairhill Shopping Centre
Banbury	4B Castle Quay Shopping Centre
Bangor NI	9 Bloomfield Centre
Barking	Unit 17 Vicarage Fields Shopping
Barnet	Unit 10 The Spires Shopping Centre
Barnsley	32 Market Street
Barnstaple	30 High Street
Barrow In Furness	Unit 26, Portland Walk
Basildon	84 Town Square
Basingstoke	3 Mayfair House
Bath	SU7 St Lawrence Street, Southgate Centre
Beckton	19 Gallions Reach, 3 Armada Way
Belfast	Unit 55 Castle Court Shopping Centre, Belfast
Belfast (Conns)	Unit 20, Connswater Centre
Belfast (Forestside)	Unit 12, Forestside Shopping Centre, Upper Galway
Birkenhead	35-37 Milton Pavement, Grange Precinct
Birmingham	Unit 52, The Pallasades
Birmingham	138 New Street
Birmingham Fort	Unit 3a The Fort Shopping Park
Bishop Auckland	59 Newgate Street
Blackburn	Unit 7 Victoria Court, The Mall
Blackpool	Unit 19, Houndshill Shopping Centre
Blanchardstown	Unit 112, Blanchardstown Town Centre
Bluewater	LO42 Lower Thames Walk, Bluewater
Bolton	37 Newport Street
Bootle	Unit 7, 63 Parkside, Strand Shopping Centre
Boston	23 Strait Bargate
Bournemouth	Unit 4, Avenue Centre, Commercial Road
Bournemouth	49 Commercial Street
Bracknell	39 Princess Square
Bradford	Unit 2, The Broadway
Bradford	4-6 Darley Street
Brent Cross	Unit B15, Brent Cross Shopping Centre
Bridgend	12/14 Adare Street
Bridlington	Unit 11 The Promenades
Brighton	69 Western Road
Bristol	SU16 Cabots Circus, Broadmead
Bromley	68-68A High Street
Burnley	68/70 St James Street
Burton on Trent	7 Underhill Walk
Bury	20 Princess Parade
Buxton	Unit 13, Spring Gardens
Camden	124 Camden High Street
Cannock	6 Market Hall Street
Canterbury	14 High Street
Cardiff	92 Queen Street
Chatham	152 High Street
Cheltenham	100 High Street
Chester	39 Foregate Street
Chesterfield	22 Vicar Lane Shopping Centre (10 Vicar Lane)
Chiswick	350 High Road
Cirencester	26, Cricklade Street
Clacton on Sea	20-22 Station Road
Colchester	3 Shewell Walk, (Unit 13 The Culver Centre)
Coleraine	16 Kingsgate Street
Collierswood	Unit 9a Tandem Centre, Christchurch Road
Congleton	45-47 High Street
Cork	6 Mahon Point, Cork
Cork	66 Patrick Street, , Cork, Eire,
Coventry	Unit 22, West Orchards Centre, Smithford Way
Cowley	107 Pound Way, Templars Square Shopping Centre
Cramlington	4 Dudley Court
Crawley	Unit 8, County Mall
Crawley	10-12 The Martlets
Crewe	Unit 7, The Market Centre
Croydon	98/99 Whitgift Centre
Croydon (Purley Way)	Comet
Cumbernauld	Unit 29, Antonine Shopping Centre, Tryst Road
Dewsbury	12 Longcauseway
Doncaster	43/44 Market Place
Dorchester	55 South Street
Dublin	2 Dawson Street, Dublin 2, Eire,
Dublin	Unit 18, Ilac Centre, Dublin 1
Dublin (Dundrum)	Unit 10, Level 3, Dundrum Centre, Dublin
Dublin (Dundrum)	Hamleys Dundrum
Dublin (Liffey)	Unit 37, Liffey Valley Centre, Clondalkin, Dublin,
Dudley	7 Churchill Parade
Dudley (Merry Hill)	Unit L87, Merry Hill Shopping Centre
Dumbarton	77/79 High Street
Dundee	40 Murraygate
Dunstable	6-8 Nicholas Way, Quadrant Shopping Centre, Dunstable, LU6 1TD
Durham	Unit SU40, Land Of The Prince Bishops Shopping Centre
East Ham	111 High Street North
East Kilbride	5 The Olympia, Town Centre
Edinburgh	127 Princes Street
Edinburgh (Leith)	Unit RU4, Ocean Terminal
Ellesmere Port	18 Mercers Walk
Enfield	37 Church Street
Enniskillen	Unit 23, Erneside Shopping Centre
Evesham	Unit 16, Riverside Centre
Exeter	SU19 Princeshay
Falkirk	Unit 34, Howgate Centre
Fleet	16 Hart Centre
Gainsborough	Unit 13b, Marshalls Yard, Gainsborough
Galashiels	Unit 8 Douglas Bridge, Galashiels
Galway	5 Eglington Street
Glasgow	Unit L3/22 , Buchanan Galleries
Glasgow	Hamleys Glasgow
Glasgow	146 Sauchiehall Street
Glasgow	83 Sauchiehall Street
Glenrothes	42 Unicorn Way
Gloucester	16 Kings Walk
Grantham	53 High Street
Great Yarmouth	Unit 10 Market Gates Shopping Centre
Gretna	Unit 53, Gretna Outlet Village
Grimsby	24 Victoria Street West
Halesowen	38 Hagley Mall, Cornbow Centre, Halesowen
Halifax	12 Woolshops
Hanley	Unit F, The Potteries, Hanley
Hanley	214-215 The Potteries
Harlow	8 Broad Walk, Harlow
Harrogate	2D Cheltenham Parade
Harrow	68-70 St. Anns Road
Hartlepool	92 Middleton Grange Shopping Centre
Hastings	19 Queens Road
Hemel Hempstead	Unit 201, The Marlowes Shopping Centre
Hemel Hempstead	Unit 12, The Marlowes Shopping Centre
Hereford	56 Commercial Street
High Wycombe	16 Church Street
Hounslow	Unit 13, The Treaty Centre, High Street
Hull	Unit G46, Princes Quay
Huyton	Unit 5 Cavendish Walk, Derby Road, Huyton
Hyde	8 The Square, Hyde
Ilford	172 – 174 High Road
Inverness	6-8 Ingliss Street
Jarrow	25 Viking Precinct, Jarrow
Kensington	185 High Street
Kettering	27 Gold Street
Kidderminster	82 Worcester Street
Kingston	64-66 Clarence Street
Lakeside	Unit 282 Lakeside Shopping Centre
Lancaster	Unit 15, Ashton Walk, St. Nicholas Arcade
Leamington Spa	83 Parade
Leeds	50-52 Albion Street
Leeds	18 Kirkgate
Leeds (Birstall)	Unit 8b Birstall Shopping Park
Leeds (Crossgates)	58 Crossgates Shopping Centre
Leeds (Crown Point)	Unit 5b Crown Point Retail park
Leicester	42 Granby Street
Lewisham	68 Lewisham Centre
Limmerick	Unit 11A, Cruises Street, Limerick, Eire,
Lincoln (Valentine)	Unit 2a Valentine Retail Park
Lisburn	6 Bow Street
Lisburn	Unit A10, Bow St. Mall
Liverpool	Unit 43/44 Clayton Square Shopping Centre
Liverpool	Unit 44, South John Street
Llandudno	46 Mostyn Street
Llanelli	Unit 1, Llanelli Shopping Centre
Long Eaton	10 Market Place
Lowestoft	43 London Road North
Luton	142-144 Andale Centre
Luton	39 George Street
Macclesfield	25 Mill Street
Maidenhead	75 Queens Walk, The Nicholson Centre
Maidstone	351 Chequers Centre
Manchester	Unit L16 Arndale Centre
Manchester	Unit 59, Arndale Centre
Manchester (Trafford)	124 Peel Centre, Trafford Centre
Mansfield	38A Westgate
Meadowhall	Unit 29, High Street, Meadowhall Shopping Centre
Meadowhall	Unit 52, High Street, Meadowhall Centre
Melton Mowbray	14-15 Market Place, Melton Mowbray
Merthyr Tydfill	4 Graham Way, Tydfils Shopping Centre
Merthyr Tydfill	Unit 3 Beacons Place Shopping Centre
Metrocentre	Unit 112 Lower blue hall, Metro Centre
Middlesbrough	108 Linthorpe Road
Middleton	G14 Middleton Shopping Centre
Milton Keynes	Unit SU 10, Midsumer Place
Monaghan	Unit 27 Monaghan Shopping Centre
Newark	9 St Marks Place
Newbury	63A North Brook Street
Newcastle	8 High Friars, Eldon Square
Newcastle	Fenwicks Concession
Newcastle	78 Grainger Street
Newport	13 Commercial Street
Newport Isle Of Wight	63 High Street
Newry	Unit 12A, Buttercrane Shopping Centre
North Finchley	776 High Road
North Shields	Comet
Northampton	17 Abingdon Street
Norwich	17 St Stephens Street
Norwich	3-4 Castle Mall Shopping Centre
Nottingham	Unit 2, 33 Listergate
Nuneaton	2A Market Place
Oldham	Unit 18, The Spindles Shopping Centre
Omagh	Unit 5, Main Street Development
Orpington	79 – 81 The Walnuts, Orpington, BR6 0TW
Perth	9 Scott Street
Peterlee	21 Yoden Way
Plymouth	81/83 New George Street
Portadown	Unit 6, High Street Mall
Portsmouth	7 Meadow Walk, Cascades Shopping Centre
Preston	8 Fishergate Centre
Preston	172 Friargate
Putney	Unit 28, Exchange Shopping Centre
Ramsgate	30 High Street
Reading	Unit 17 Oracle Shopping Centre
Redcar	Unit 8, Regent Centre
Rhyl	64 High St
Rochdale	54 Market Way
Rugby	45-46 Clocktower Centre
Runcorn	48 Forest Walk, Halton Lea Shopping Centre
Salisbury	11 High Street
Scarborough	112B Westborough
Scunthorpe	58 High Street
Sheffield	Unit 22/24, Fargate
Sheffield	37/41 The Moor
Shrewsbury	3-4 Castle Street
Skelmersdale	UNIT 27 Upper Mall, The Concourse Shopping Centre
Slough	N21 Curzon Mall, Queensmere Centre
Solihull	Comet
South Shields	89/91 King Street
Southampton	Unit SU8, West Quay Centre
Southampton	82 Above Bar Street
Southport	203 Lord Street
Speke	Comet
St Albans	Unit 32, The Maltings
Stafford	21 Gaolgate Street
Staines	54 High Street
Stevenage	64 Queensway
Stevenage	54 Queensway
Stirling	Unit 24, The Thistle Centre
Stockport	Comet
Stockton-on-Tees	Unit SU32, Wellington Square
Stockton-on-Tees	134B High Street
Stratford	88 The Mall
Stratford upon Avon	13 Town Square Shopping Centre
Sunderland	251 High Street
Sunderland	27 Blandford Street
Sutton	192 High Street
Sutton Coldfield	Unit SU7, New Hall Walk, Lower Sutton Parade
Swansea	12 Union Street
Swindon	9 Havelock Square, Brunel Shopping Centre
Swindon	7 Regent Sreet
Tallaght	Unit 307, The Square
Tamworth	Unit 18, Ankerside
Taunton	47 North Street
Telford	Unit 6, 159 New Mall, Telford Shopping Centre
Telford	32 Sherwood Street, Telford Shopping Centre
Torquay	5 Union House
Truro	Unit 2, 4/6 Pyder Street
Uxbridge	13 Market Square
Victoria	10 Victoria Place, Buckingham Palace Road
Wakefield	17 Kirkgate
Walsall	42 Old Square Shopping Centre
Walthamstow	Unit 11A, Selbourne Centre
Wandsworth	61 South Mall, Wandsworth Shopping Centre
Warrington	46 The Mall
Washington	Unit 30 Albany Mall, The Galleries
Washington	26 Albany Mall
Welwyn Garden City	21 The Howard Centre
Wembley	458 High Road
West Belfast	Unit 4 Park Centre, Donegall Road
Weston Super Mare	85 High Street
Weymouth	Unit 5, Bond Street Centre
Wigan	23 Market Place
Winchester	106A High Street
Windsor	21 King Edward Court
Woking	4 Middle Walk
Wolverhampton	27 Dudley Street
Wood Green	83 High Road
Woolwich	112 Powis Street
Wrexham	42-43 Hope Street
Wythenshawe	18 The Birtles, Wythenshawe
Yeovil	13-15 Vicarage Walk, Quedam Shopping Centre
York	Unit3, 5 Spurriergate

Source

[rich15]

Sorry, double post.

[Sylar]

nd no refunds can be obtained for existing pre-order deposits

fuck glad I cancelled some of my pre-orders. I've only got a couple of quid in reward points as well so that's not too bad.

[TheTenth666]

Damn, I'm French and order from Game.co.uk quite often, as the Euro <-> Pound change is quite good. Never had a problem with online orders either. Will have to find another UK game shop.

[timberflake]

Damn, I'm French and order from Game.co.uk quite often, as the Euro <-> Pound change is quite good. Never had a problem with online orders either. Will have to find another UK game shop.

Play.com or Shopto


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