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UK Retailer GAME is dead | Brera's Lament
- Thread starter CrunchinJelly
- Start date
- Status
Keyser Soze
Member
Somewhere where it is at now if I remember right
Keyser Soze
Member
J Tourettes
Banned
grandmastashi
Member
With suits like that and without a hint of sarcasm I think we can safely say the board of GMG are most definitely gamers. Every man jack of them.
I mean, I bet they can't wait for November and the next Call of Warfare to be released...
Honestly, I bet all they know about their target audience is what a marketing focus group tells them.
HuntTheMusic
Neo Member
As I stated at the time the administrator would just overturn the payments and pursue the Company's under preference.
Ravensmash
Member
Whoa, I didn't realise their share price had gone up significantly - last week it was bordering on 50p right?
But yes, Brera what is this news you're expecting? Where from?
But yes, Brera what is this news you're expecting? Where from?
APZonerunner
Member
Shepard, the CEO, is, at least. Before all this went down and seemed to drive him off twitter he used to tweet a fair bit about what he was playing personally and playing with his kids. He was also the first CEO from GAME to bother going to E3 in years, presumably because he actually wanted to go.
It spiked down to half a penny (not 50p!) - 0.50 - at a point last week but immediately rebounded to about 2p. This is pretty steadily where it's been all week, really.
Little Old Man
Member
Forgot to mention this. Last week, a family member met someone who used to be a finance director at Game (I presume there are several at any one time). Naturally, GMGs troubles came up, though obviously he didn't want to say much given the current situation. What he did say though is that the upper levels of the company were ridiculous when he was there- doing everything possible to increase their salaries, bonuses, other perks, and so on. Most were more bothered about their pay packets than running the company as it should be.
He obviously wasn't surprised about their current issues at all.
He obviously wasn't surprised about their current issues at all.
Ravensmash
Member
Well that shows you how much I know about shares/markets... haha
They are refunding my points to me also, so now I have £5 to spend still. I didn't even realise I had them till the other week so I'll just spend it on something cheap on their site.
They are refunding my points to me also, so now I have £5 to spend still. I didn't even realise I had them till the other week so I'll just spend it on something cheap on their site.
jump_button
Banned
You just have to walk in one of the shops and anyone can tell they bosses have no idea what gamers want its only really use by mums to buy they kids's games for them
Shotgun Kiss
Member
That's the websites. Stores take deposits up-front. If they suddenly go into administration, and all stores close immediately, people have effectively given money away for nothing. Under current circumstances, Game and Gamestation should NOT be encouraging people to put deposits down.
HuntTheMusic
Neo Member
It makes no difference if they were done last week or last year.
xxczx
Member
Is there actually anything left to pre-order?
THQ, Namco-Bandai and 2K Games products, eg. Witcher 2, Darksiders 2 and Max Payne 3
frankie_baby
Member
Assuming anyone is willing to supply them could they still get any new stock in while in administration for instance could they get in stock to cover preorders ?
Maybe? But quite why ANYONE would be using them for pre-orders right now is absolutely beyond me.
checkeredknight
Member
http://www.mcvuk.com/news/read/game-holds-crunch-talks-with-suppliers/093063
Is this what we're waiting for? It's no wonder places like Scandinavia are at fault, the prices in their GAME stores are appalling. I remember Bayonetta being around 700kr~ over there at release. I bought it for £34.99 here in the UK.
Looks like I might be out of a job Monday then if the worst comes to worst. I'm thinking of moving away regardless, but it's a shame since I had quite a few extra hours next week. :X
I'm not even mentioning pre-orders to customers atm, lol.
Is this what we're waiting for? It's no wonder places like Scandinavia are at fault, the prices in their GAME stores are appalling. I remember Bayonetta being around 700kr~ over there at release. I bought it for £34.99 here in the UK.
Looks like I might be out of a job Monday then if the worst comes to worst. I'm thinking of moving away regardless, but it's a shame since I had quite a few extra hours next week. :X
winstano said:
I'm not even mentioning pre-orders to customers atm, lol.
APZonerunner
Member
This resting on the suppliers is not a good thing at all. GAME's ruffled so many feathers over the years that many are happy to be putting the boot in right now. It might be bad for the UK industry in the short term, but some see this as a necessary evil - essentially an enema of the UK specialist trade channel.
A high-up individual at a large gaming company described the situation to me a few weeks ago - they said that GAME has pissed them - and many others - off with antics over the years and they'd rather see the UK channel go to someone they trust more. Their largest account is with GameStop, for instance - the implication being they'd rather see GAME go bust and go into administration and have a stronger company with a different culture like GameStop swoop in and pick up the good bits.
These are the same people they're now begging for a reprieve. Not good.
A high-up individual at a large gaming company described the situation to me a few weeks ago - they said that GAME has pissed them - and many others - off with antics over the years and they'd rather see the UK channel go to someone they trust more. Their largest account is with GameStop, for instance - the implication being they'd rather see GAME go bust and go into administration and have a stronger company with a different culture like GameStop swoop in and pick up the good bits.
These are the same people they're now begging for a reprieve. Not good.
...You'll buy some moar!
...your going to trade your shares in for actual games?
JennyTablina
Member
This sounds pretty fatal, whatever the story coming up is...
Probably just the announcement that the jig is up as of Monday.
Possibly a total firesale this weekend, if they really have to vacate premises.
Keyser Soze
Member
Gamestation is dead!
JennyTablina
Member
http://www.mcvuk.com/news/read/game...-new-company-emerges-from-game-s-ashes/093064
Poor Gamestation, being sent to the lions so GAME can live on
BTW the news says as of Monday GMG will be no more...SELL BRERA SELL NOW : ( *bailout.gif*
Poor Gamestation, being sent to the lions so GAME can live on
BTW the news says as of Monday GMG will be no more...SELL BRERA SELL NOW : ( *bailout.gif*
If true, that makes me sad. Gamestation was much, much better than Game before they were taken over. Hopefully another company buys up Gamestation's stores and either keeps them as Gamestation (but with a different style more like they had before the takeover) or rebrands them into another gaming store.
I really can't see Game living on either. Why would publishers suddenly change their stance and give the new company stock, when effectively it's the same people they're dealing with?
PumpkinPie
Banned
Watch them continue on with the same mistakes they've been making, I'll put money on nothing changing.
Keyser Soze
Member
GAME would probably no-sell a DDT on the concrete
Damn. Gamestation > GAME, even after the takeover. Better prices, better staff, didn't try and sell me shit I didn't want as much as GAME. At least I know that I am never going to give money to Game group anymore.
This is what I'm thinking
zomgbbqftw
Banned
WTF!?! Closing down Gamestation?!? That's the only part of the company with any sort of value.
JonathanEx
Member
The story full well says that it's a plan, describing it as one of four options? What's wrong with that? A plan being taken pretty seriously with such ramifications, even if not final, is well worth reporting on surely.
I'm surprised, particularly because of the bit of real value aspect as said above - but maybe they're banking on building up the general audience. The hardcores might go online more for price. Maybe.
I'd be ironic if Gamestop bought the Gamestation chain if this goes ahead, considering the reason for the purchase in the first place.
Little Old Man
Member
The MCV article reads to me as administration one way or the other. Either because nothing is agreed to and they collapse come Monday. Then anything could happen with regards to what does/doesn't emerge.
Or a voluntary administration process which allows the plan detailed to take place.
Is that how everyone else sees it?
Or a voluntary administration process which allows the plan detailed to take place.
Is that how everyone else sees it?
Shotgun Kiss
Member
Even though that MCV article doesn't confirm that "Option 4" has been given the go-ahead, and it's yet another overly-speculative piece, it's obvious from the options outlined that Gamestation won't survive, short of an investor jumping in and paying off all debts, which is ridiculously unlikely at this point.
Ah yes. Bullshit headline is bullshit.
Little Old Man
Member
If anything stops a deal, it will be that.
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