Kricket Stomp
Welcome or welcome back to Kricket Stomp! Don't forget to log-in or sign up!

Prominent British Retailer GAME Closing 127 Stores by 2013

View previous topic View next topic Go down

Prominent British Retailer GAME Closing 127 Stores by 2013

Post  Terra on Thu Apr 22, 2010 9:05 am

The Recession may be over but some companies are still feeling the pinch and GAME is the latest to suffer. While the company is still making profit, it appears the companies profits have now dropped by around 27%. It also appears that the CEO, as well as the COO have left the company as well, which could mean that the new management is looking to restructure the company across the UK.

It’s not all bad news however, as this won’t come into immediate effect. It has been said that the affected GAME stores will close gradually up until the end of 2013, and it hasn’t been announced which stores will face the chop. It was also revealed by the interim CEO, Chris Bell, in an official statement that there are plans to improve the stores which will won’t be closed.


Speaking about some of those plans, Chris Bell said “Our stores are a place to experience games, and the format is evolving to cater for their changing needs and the incoming new technology. We are trialling interactive kiosks and improved ecommerce connectivity in selected stores to expand further the range with thousands more product lines and enhanced the customer experience. To deal with the transactional volumes through our stores, we continually upgrade our IT infrastructure. As part of this we are installing both customer conversion technology and top-up card activation capabilities within our outlets."



Source
avatar
Terra
Kricket Master
Kricket Master

Posts : 533
Join date : 2010-04-02
Location : Bournemouth, UK

Back to top Go down

Re: Prominent British Retailer GAME Closing 127 Stores by 2013

Post  Adminassassin on Thu Apr 22, 2010 9:44 am

Interesting that it's such a slow phase-out of stores. Perhaps they're hoping that the market will improve during that time, limiting closings?

_________________
Site Administrator
-------------------------------
Thanks for being part of Kricket Stomp!

avatar
Adminassassin
Admin

Posts : 616
Join date : 2010-03-27
Location : USA

http://www.backloggery.com/objection

Back to top Go down

Re: Prominent British Retailer GAME Closing 127 Stores by 2013

Post  Terra on Thu Apr 22, 2010 9:58 am

Could be the case. I wouldn't be too surprised if it was. But I don't know that much about what's happening atm tbh. We'll probably hear more in the future.

They do have a lot of stores around right now though, it's not uncommon for there to be two or more GAME's in an area, and that's not including Gamestation (Another games retailer, GAME bought them out awhile ago). For example, in my town centre on one street, there's a GAME and up the road, there's a Gamestation too, so maybe they realised that they've overdone it
avatar
Terra
Kricket Master
Kricket Master

Posts : 533
Join date : 2010-04-02
Location : Bournemouth, UK

Back to top Go down

Re: Prominent British Retailer GAME Closing 127 Stores by 2013

Post  Super Smash Bros. Fan on Mon Apr 26, 2010 9:39 pm

Too bad North Americans are still suffering from an severe depression.

Even worse that more stores are being closed.
avatar
Super Smash Bros. Fan
Kricket Frequenter
Kricket Frequenter

Posts : 179
Join date : 2010-03-28
Location : Texas

Back to top Go down

Re: Prominent British Retailer GAME Closing 127 Stores by 2013

Post  Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum