Tag Archives: closures

Comet is to close 17 under-performing retail outlets after being hit with an 8.9 million loss in the last financial year. According to the Dow Jones Newswire, like for like sales for the year dropped by 7.7 per cent and total revenue declined by 6.8 per cent, despite the company …

It was once billed as a US revolution on the UK High Street, but now big question marks hang over the future of Best Buy in the UK. The European joint venture with Carphone Warehouse posted a loss of 62m this week – that’s triple the loss seen in 2010 …

Plans to drastically reduce its UK store count are to continue as previously outlined at GAME. In April 2010 chairman Peter Lewis stated that the group aimed to reduce its UK store count to 550 by Christmas 2013. This number was reiterated today by chief executive Ian Shepherd, who added …

Retailer GAME has this week informed staff members of 19 stores that it intends to close in the coming weeks. The move comes as part of the store closure plan outlined back in April 2010. "You will remember that last April we announced plans to close 85 UK stores over …

Retailer HMV has vowed to do all it can to protect the jobs of those who will be affected by the 60 store closures announced yesterday. The company will close the outlets – which includes the closure of 20 Warterstones stores – by the end of the year. "We will …

It’s been a tough morning for GAME. Profits have been falling, execs have been departing, and now the interim management team has had to defend its decision to expand upon its store closure plans – the end result of which will mean the end of an additional 127 outlets. When …

Only 550 GAME and Gamestation outlets will remain on the UK High Street by Christmas 2013, according to GAME Group chairman. Until recently GAME had 695 stores across the country, but in February it announced the closure of 18 additional outlets, as well as all 25 of its Debenhams concessions. …

The CEO of Square Enix Europe has braved a number of questions surrounding the publisher’s decision to cut staff at Io Interactive, virtually close a programming department at Beautiful Game Studios, and shut down operations at Eidos Hungary. Phil Rogers sportingly took on all questions during the second half of …

The global game industry has been hit by as many as 11,500 job losses since late 2008, a new study suggests. Research by entertainment analyst group M2 Research says that the final count for layoffs since the economic meltdown in late 2008 reached 11,488 worldwide, with the majority of the …

After twelve years in the game development business, Swedish outfit GRIN has finally buckled under sustained financial pressure and has closed its doors completely. According to a statement from the company’s founding brothers – Bo and Ulf Andersson – the group has been forced” to shut down due to too …