Board says trading remains “in line with expectations” as recession continues and slow summer period descends
The UK’s largest dedicated games retailer GAME has assured investors that its performance to date in 2009 is in-line with its expectations.
In the period between February 1st and June 13th the GAME Group opened 23 new stores brining its total outlet base to 1,365 across ten countries and across its two brands – GAME and Gamestation.
In addition, GAME has confirmed that the integration of the Gamestation chain, including its IT and distribution networks, will be fully completed by September.
As of May 30th 2009 the Group’s net debt was £86m, up from the £57.8m at the same stage in 2008. It predicts that net debt for the year ending January 31st 2010 will be around £60m.
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