Tag Archives: closures

PlayStation Home shutting down in North America, Europe

PlayStation Home is set to close in both Europe and North America, Sony has announced. A post on the US PlayStation community site detailing the end of the social hub in North America followed an earlier confirmation from Sony (via Games Industry) regarding the closure on Europe’s side. "Due to …

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Xbox Entertainment Studios to close

Microsoft’s Phil Spencer has confirmed Xbox Entertainment Studios will close as part of the company’s recently announced cost-cutting plan. Re/code sources claim that the branch was "disorganized" and "lacked a fully fleshed-out business model." The Santa Monica-based studio housed around 200 employees. "As part of the planned reduction to our …

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RadioShack closing up to 1,100 stores in US

Electronics and games retailer RadioShack has announced significant US store closures. The news follows a 20 per cent sales decline in the last quarter and the company’s eighth straight quarterly loss. Net losses tripled in the period to $191.4m. The closures equate to around 1,100 stores (20 per cent of …

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12,000 shops to fold in 2014, analyst predicts

The worst of the financial crisis may be behind us, but the year ahead promises to be a challenging one for retail. The Mirror reports that CRR boss Professor Joshua Bamfield believes that up to 12,000 shops could fold in 2014 with fashion chains, chemists, jewellers, newsagents and health and …

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All remaining Blockbuster stores to close next week

The last of Blockbuster’s UK stores will close next week, MCV can reveal. MCV reported last month that Blockbuster was due for total closure by December 20th and last week administrator Moorfields Corporate Recovery admitted that it had still not received any acceptable offers” and as a result we may …

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62 more Blockbuster stores to close and rentals suspended as end nears

Administrators Moorfields Corporate Recovery has confirmed that another 62 Blockbuster stores are to close. This means another 427 workers will lose their jobs, although Moorfields has finally admitted – as revealed by MCV last month – that it expects the company to close in the near future. Add this to …

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