MCV/DEVELOP News, events, research and jobs from the games industry
GAME has told its staff they will be ‘paid what they’ve earned,’ the retailer tells MCV. The firm says it informed its employees via email this morning. GAME announced it was heading into administration this morning, having failed to secure extra finance and support from its suppliers. But the High …
Read More »Report – GAME has one week to raise £180m
GAME Group is in a race to secure 180m to pay creditors or face administration, The Sunday Times reports. The specialist giant apparently has a 21m rent payment due on Sunday, a 12m wage bill due shortly after, and owes more than 10m in deferred VAT and 40m to video …
Read More »TIMELINE: GAME’s year from hell
It was in February last year that GAME announced its bold plans to transform its business. The new strategy featured in-store mobile technology, a focus on reward cards, click and collect, a revamped website and plans to triple its digital revenues by 2013. But most importantly, it saw GAME secure …
Read More »ANALYSIS: GAME’s trading update
Last week The Telegraph ran the headline ‘Can GAME Group survive?’ It was a sensational headline, not entirely based on the facts of the situation, and as GAME Group CEO Ian Shepherd says: It is very easy to look at any retailer on the High Street and write an apocalyptic …
Read More »GAME Group aims to treble online revenues
The leading specialist games retailer has signed search and social marketing firm Greenlight to help grow its online offering. Greenlight will handle GAME’s search engine optimisation and work alongside the Group’s in-house marketing team providing expertise both on-site and remotely. "We have ambitious plans to treble online revenues in the …
Read More »GAME sales dip in H1 2009
The GAME Group has reported like-for-like sales in H1 2009 were down 15.4 per cent – in line with what the company had forecast. In the 21 weeks to June 27th, 2009, total Group sales dropped 9.1 per cent on the firm’s previous half-year. In the UK and Ireland, total …
Read More »Staff review at GAME as key roles switch south
GAME Group is looking to consolidate its head office teams, incurring job losses at its York base as a result. A consultation process affecting up to 80 roles has now begun, as the retail chain unifies all key management in Basingstoke. Gamestation managing director Martyn Gibbs will move south, taking …
Read More »GAME takeover rumours resurface
The Royal Bank of Scotland has relit the touchpaper on the long-running rumour of US retail giant GameStop’s interest in acquiring The GAME Group. The rumination came in an RBS note to analysts today, in which it also allayed fears that Morrisons’ ‘crazy’ prices drops on games this week will …
Read More »GAME explains self-publishing strategy
GAME told MCV this week that it reserves the right to challenge retail and publishing boundaries with ‘own brand’ initiatives – but has promised there is no pipeline of products on the way for Christmas. A level of hysteria has been growing amongst publishers with rumours that GAME had already …
Read More »GAME responds to unlawful sale of adult game
GAME has responded to the Which? sting that revealed the retailer’s Harrow, Middlesex store sold an 18-rated game to a 15-year old girl. As reported on MCV earlier today, the consumer watchdog’s investigation revealed that Woolworths and Maplin stores in the area also sold the underage girl adult video games. …
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