The way we purchase video games in high street shops is set to change following the GAME Group going in to administration.
The first GAME and Gamestation stores have shut, with many more expected to close soon. According to MCV, “it is estimated that around 300 of the UK’s 609 GAME and Gamestation outlets will cease trading immediately, with the possibility of more to follow if a buyer is not found quickly.”
The store closures also mean staff layouts, which could mean approximately 6,000 staff lose their jobs.
Confirmation of the group’s administration was confirmed on the GAME and Gamestation websites. A statement read: “MJA Jervis and SD Maddison have been appointed as Joint Administrators of The GAME Group plc, Game Stores Group Limited, Gameplay (GB) Limited, Game (Stores) Limited, Games Station Limited, Game (Retail) Limited and Gamestation Limited on 26 March 2012, to manage their affairs, business and property as their agents and without personal liability.”
It added: “We are currently reviewing and processing orders placed on this website.”
The appointment of administrators has also seen the resignation of Ian Shepherd, CEO of the retailer, who sent the following internal memo to GAME employees: “I’ve said a number of times that the administrator, once appointed, takes charge of the business.”
It continued: “Having two people try to do that is both confusing and a waste of money. With that in mind, I’ve agreed with Mike that I will step down as CEO and the business immediately – this is my final email to you all.”