http://uk.gamespot.com/news/game-goe...ration-6368067VIDEO 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)
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.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.
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GAME Uk Officially Gone Into Administration
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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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
Bring on PlayStation 2013!
Sorry, double post.
Last edited by rich15; 03-27-2012 at 11:58. Reason: double post
Bring on PlayStation 2013!
nd no refunds can be obtained for existing pre-order deposits
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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.
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