Game group- imediate 277 shops shut, 2119 lay offs, now!

[zapiy]

That's just wrong.  Why do people do stuff like that. Just ain't right.

[CeefaxOfDelphi]

i must dig out the games TM issue it was reported in, but it was about 18 months back.  I imagine a lot of it was tat like fifa, but I'll bet some OK stuff went too.  Why not just have flogged it off for a quid a go?  It would have sold like hotcakes

[dubchaser]

It will be a real shame if they fall under.  One of my fave shops to browse and shop in.  Picked up some real bargains from them over the last year.

[zapiy]

If they did more bargains on new games even at £35, i would buy many more games of them and also an impulse 2nd hand purchase here and there.

[Carlos]

Some 2,119 Game Group employees will be made redundant at the end of the week after the struggling retailer collapsed, according to Sky sources.

The appointed administrators PwC said 277 of the company's 609 UK stores will be shut with immediate effect.

They added the job losses would include 2,104 store staff and 15 head office employees.

Meanwhile, a consortium led by state-backed Royal Bank of Scotland (RBS) is considering a takeover of Game Group, which has gone into administration.

The seven banks are owed £85m by the video games retailer, with an additional £95m due to suppliers.

[Carlos]

HMV got out of a muddle because the suppliers did not want them to die, I think this tells you that the suppliers to Game Group got revenge for the preowned schemes that cut orders of new games from them in the past.