Senior GAME Execs Warned of Looming Administration

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Senior GAME Execs Warned of Looming Administration

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Senior management at U.K. retailer GAME have been told to prepare for the company's entry into administration.

It looks increasingly likely that the Game Group's struggle to survive will come to naught, as senior executives were reportedly told today that if the company doesn't have its house in order within the next two weeks, it will be forced to enter administration, effectively bringing it to an end.

Game's best hope remains an acquisition by a rival company, which we all know means GameStop. Rumors of GameStop's interest in the Game Group, or at least parts of it, have been floating around for awhile now; recent reports suggest that the U.S. retailer is giving a serious eyeballing to Game's 291 stores in Spain and Portugal, although neither company has confirmed the interest.

Game is also attempting to goose its revenue stream with an "fire sale" in its U.K. stores that MCV says has resulted in "alarmingly low prices," in the hopes of bringing in enough cash to keep the lights on for a few more days while it tries to sort things out.

Game refused to comment on the report of looming administration, which is no great surprise, but it seems clear now that one way or another, the company's struggles will soon be over. In the meantime, if you happen to live in the vicinity of a Game outlet in the U.K., this might be a good time to pop in and score some deals. No sense letting a good bankruptcy go to waste!

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I've been waiting for this day for years, with online shopping and DD it amazed me they lasted this long.

Years ago I knew it was just a matter of time until they fall, glad to see them burn. They always were shit.

Went into GAME yesterday to see if I could offload my reward points...still wasn't anything good.

Did however get CoD: WaW in the fire sale for free today... still though most of the stuff in their fire-sale was out of stock.

If they weren't so overpriced normally they could be doing well.

Alarmingly low prices indeed! *celebration dance*

As long as we have CEX, I do not care. Because CEX is awesome and cheap and awesome.

Fire sale you say? Hmmmm... Now I have to balance taking the long trip to the nearest GAME, or stay home and play ME3. It's a tough choice for sure. Though GAME never has a good stock of PC games anyway.

I did think something was up with the prices today, picked up 5 games for 13. Things like Gears of War 1 and 2 for 1.98 each and Infamous 2 for 7.98.

thenumberthirteen:
Fire sale you say? Hmmmm... Now I have to balance taking the long trip to the nearest GAME, or stay home and play ME3. It's a tough choice for sure. Though GAME never has a good stock of PC games anyway.

From what I've seen both in the stores today and in the online sale, PC games are still overpriced compared to Steam sales, Amazon.etc - it's the console games that have been massively reduced.

VonKlaw:

thenumberthirteen:
Fire sale you say? Hmmmm... Now I have to balance taking the long trip to the nearest GAME, or stay home and play ME3. It's a tough choice for sure. Though GAME never has a good stock of PC games anyway.

From what I've seen both in the stores today and in the online sale, PC games are still overpriced compared to Steam sales, Amazon.etc - it's the console games that have been massively reduced.

Yeah looking on their website there are a couple of ok deals. The Old Republic Collector's edition is neat, and MSFSX is only a tenner. Though I've goten some of those games cheaper on Steam (like LA Noire). I'll save myself the money for the trip (plus lunch, plus however much I spend in CEX and Forbidden Planet).

I just nailed a collector's edition of The Old Republic for 49.99. Last one in the store :)

Im going in tomorrow to unload my Reward Points and get Jak & Daxter HD Collection tomorrow and maybe Space Marine considering it is 2. I couldn't be happier that GAME is going under, they ruined a lot of independent game stores.

THESE PRICES ARE SO LOW IT'S LIKE THEY'RE GOING OUT OF BUSINESS!

JasonKaotic:
As long as we have CEX, I do not care. Because CEX is awesome and cheap and awesome.

Cex doesnt stock new stuff, they run on used sales and games make up a large portion of their revenue. If GAME goes under Cex will take a hard blow.

Toilet:
Im going in tomorrow to unload my Reward Points and get Jak & Daxter HD Collection tomorrow and maybe Space Marine considering it is 2. I couldn't be happier that GAME is going under, they ruined a lot of independent game stores.

THESE PRICES ARE SO LOW IT'S LIKE THEY'RE GOING OUT OF BUSINESS!

JasonKaotic:
As long as we have CEX, I do not care. Because CEX is awesome and cheap and awesome.

Cex doesnt stock new stuff, they run on used sales.

But still, they are awesome, cheap, and awesome. Also they are cheap. And awesome.
(They do occasionally sell preowned new releases though, they just get snatched before you get a chance to buy them)

JasonKaotic:

Toilet:
Im going in tomorrow to unload my Reward Points and get Jak & Daxter HD Collection tomorrow and maybe Space Marine considering it is 2. I couldn't be happier that GAME is going under, they ruined a lot of independent game stores.

THESE PRICES ARE SO LOW IT'S LIKE THEY'RE GOING OUT OF BUSINESS!

JasonKaotic:
As long as we have CEX, I do not care. Because CEX is awesome and cheap and awesome.

Cex doesnt stock new stuff, they run on used sales.

But still, they are awesome, cheap, and awesome. Also they are cheap. And awesome.
(They do occasionally sell preowned new releases though, they just get snatched before you get a chance to buy them)

Aye, they have really good prices. When I want to buy a game I always check in Cex to see if they have it in. A large majority of my physical game library is from Cex, the five games I am playing through now are from there.

Well, I just furiously hurled my GAME card out the window, since I have an abundance of points on it but no way to reach one of their stores before it all goes under.

Toilet:

JasonKaotic:

Toilet:
Im going in tomorrow to unload my Reward Points and get Jak & Daxter HD Collection tomorrow and maybe Space Marine considering it is 2. I couldn't be happier that GAME is going under, they ruined a lot of independent game stores.

THESE PRICES ARE SO LOW IT'S LIKE THEY'RE GOING OUT OF BUSINESS!

Cex doesnt stock new stuff, they run on used sales.

But still, they are awesome, cheap, and awesome. Also they are cheap. And awesome.
(They do occasionally sell preowned new releases though, they just get snatched before you get a chance to buy them)

Aye, they have really good prices. When I want to buy a game I always check in Cex to see if they have it in. A large majority of my physical game library is from Cex, the five games I am playing through now are from there.

Oh yeah, I nearly forgot about Cex. Heh, got a pre-owned imported copy of New Vegas from Cex before it was officially released in the UK. BAM!

Also, Jak and Daxter HD is out? fuck yes!

The news doesn't surpise me, well I was expecting it sicne yesterday I got a email from GAMES Newsletter that they got thousand of games for sales and the local GAME over here were offering preown DSI for a very cheap price. I laught how the newsletter had a preorder link to the upcoming Pokemon Black and White 2, as if that's even possible to preorder!

Ahh, fun times. Ever since the crap they pulled with the Space Marine launch I've been hoping they would go under, even though I live in the US where they don't exist.

Went into GameStation and Game earlier today to check out the firesales, and Game is still more expensive. Anyway, picked up 5 Xbox 360 games for 10.40, so that's a good deal. Might pop up again tomorrow to see what I missed.

whilst gaming is moving towards DD(digital distribution) its a shame people IRL are affect by it (alot of my buds work in game shops ) :(

As a PC gamer I say good riddance. That'll teach them to never stock enough variety in PC games!

Although I must admit... Mafia II for $18 in AUSTRALIA is very tempting... (That's less than the $20 they charge for the PC version of Angry Birds, which EB games has for half that!)

I have money on my Game card that I need to offload before its too late :o

Well if your house has burned down you may as well cook your dinner on it :)

Well looks like it's off to game to spend some reward points on what i've heard are ridiculously cheap games.

I work in a Gamestation, it's pretty weird times for us. I like my job, so I really hope we don't go under.

...

Well that sucks... I've been shopping at GAME since I was a kid, They used to open up the store after hours for me when I approached and everything, heheh.

*Le Sigh*

piratejames:
I work in a Gamestation, it's pretty weird times for us. I like my job, so I really hope we don't go under.

Whats it like to hear loads of people say they want you to lose your job :D . But i suppose gamestation shops might get lucky since most of the one's i frequent are still the same shops that they were before the game take over, so selling them off as independent game shops is a big option.

I work at a GAME store in Portsmouth and it really will be a bit of a shame to see the company go. I have only worked there for about a year but in that time its been such a cool place to chat to customers about upcoming video games and get them excited about it, dress up for midnight launches and even help old ladies with the puzzles they are stuck on in Prof. Layton!

If we go down then the only places that folks can buy games is online which is fine and all but loses alot of the cool factor of coming in on the first day and chatting to all of us about how awesome the game is etc.

Also about 90% of our customers are usually lost mothers wondering around struggling to find something good for their approaching child's birthday. This happens all the time and so we get to ask them what sort of games they are into etc and then recommend some. Its a really nice feeling to help people out like that, that's the joy of working in a place that sells items solely for entertainment.

When GAME goes then I believe it will be very sad because these awesome customers we get will have to do their game shopping at Tesco or Wall-mart or some other monolithic superstore where they wont be aided by enthusiastic game staff who are all gamers themselves but instead by general Tesco staff.

All in all, customer service costs money. Harsh truth.

piratejames:
I work in a Gamestation, it's pretty weird times for us. I like my job, so I really hope we don't go under.

I don't think you will lose your job. The company being so close to administration means it isn't going to bought until it does. The administration process means that most of the companies debts will be written off against the sale price of the company, where as buying it now means those debts will still be owed. The senior staff will lose their jobs, but running the numbers that are in the public domain the company would still be making a profit if it wasn't for the debt repayments, so the shop floor should be safeish. Best of luck to you, I hope you keep your job.

F'Angus:

If they weren't so overpriced normally they could be doing well.

I doubt it.

BTW, I like your avatar pick. Nice to see someone other than me who has played Silver. I recently saw a petition for a sequel.

razer17:
Went into GameStation and Game earlier today to check out the firesales, and Game is still more expensive. Anyway, picked up 5 Xbox 360 games for 10.40, so that's a good deal. Might pop up again tomorrow to see what I missed.

Got there earlier today to find I'd missed the main party. I did get 11 games for 17, which is pretty amazing. I was upset they didn't reduce Hotel Dusk for under 7, grrr.

Terramax:

F'Angus:

If they weren't so overpriced normally they could be doing well.

I doubt it.

BTW, I like your avatar pick. Nice to see someone other than me who has played Silver. I recently saw a petition for a sequel.

Thanks. I really wish they would make a sequel...or at least re-release the game on steam.. my old copy doesn't work any more, which is a shame because it's such a good game.

http://www.computerandvideogames.com/331628/hmv-may-reduce-focus-on-games-as-sales-decline/

Well that's the end of buying physical copies of games from retail stores.

But who cares, Amazon and Play.com are far cheaper and have a wider selection and better customer service?, how the hell have Game and HMV lasted this long anyway?.

JasonKaotic:
As long as we have CEX, I do not care. Because CEX is awesome and cheap and awesome.

You're saying that CEX is cheap?
Huh, down where I am they massively overcharge for everything, all their pre-owned games are the same price it costs to buy them new, or otherwise the price difference is negligible.

More brick and mortar stores closing. Great.

Less money going into the local area and more of it into some publishers Boat fund.

But hey, I'm SURE that they'll give us a decrease in price due to them saving money. Right?

18.99PlusTip:
More brick and mortar stores closing. Great.

Less money going into the local area and more of it into some publishers Boat fund.

But hey, I'm SURE that they'll give us a decrease in price due to them saving money. Right?

Actually, considering GAME's business practices, its closing would actually benefit the brick and mortar stores.

well I hope those who lost their jobs can find a new one soon.

The majority of the used games they sold could be bought cheaper, brand new, at any supermarket with a games section.

Their failure as a business is unsurprising.

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