The Software Store responds to closure claims

27 May 2005 By Matt Martin

Responding to various rumours about its trading status, leading independent retailer The Software Store has issued a statement clarifying the current situation.

The statement, from company director Kevin Norwood, rejects suggestions the company has gone under, while confirming one of its stores has been acquired by specialist chain CHIPS.

“We like many others have been finding current trading conditions difficult to say the least,” Norwood said.

“Competition is stiff and the High Street is a quiet place at present. In response to this, we have embarked on a restructuring of our business. This exercise has been in progress for about six weeks.”

“However, during my successful visit to E3, we were made aware of several rumours regarding The Software Store and felt that we needed to make this statement in order to put the record straight. We can confirm that we are not selling out or being taken over although CHIPS has acquired the site of one of our stores.”

“We have enjoyed superb support from the industry in these difficult times and with that support we fully expect that MCV's Indie Retailer of the Year to be around to support new formats such as PSP and Xbox 360. We also look forward to a successful Christmas.”

MCV will carry a full report on the situation in next Friday’s print edition.

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