sonofsanta Posted March 21, 2012 Posted March 21, 2012 (edited) GAME has just filed for Administration. Source? BBC News - Game Group shares suspended from trading See post #46 by @Dos_Box EDIT: nevermind on the source... the BBC News page linked above has updated anyway Edited March 21, 2012 by sonofsanta
Sam_Brown Posted March 21, 2012 Posted March 21, 2012 Shame really but always going to happen. Not many people are going to want to pay £39 quid for a brand new game in Game when you can pick up most games from Tesco or off the net for cheaper. I reckon now Game has gone bust chances are Tesco and online shops are going to see it as a chance to increase prices slightly seeing as there is now less competition.
Pete10141748 Posted March 21, 2012 Posted March 21, 2012 (edited) I reckon now Game has gone bust chances are Tesco and online shops are going to see it as a chance to increase prices slightly seeing as there is now less competition. I doubt it, it's only one (ok, two if you count Game and Gamestation seperately) shops out of the running - there are still tons of places both online and on the highstreet to buy games from. At this point any company who puts their prices up is just saying "hey, don't buy from us, go to our competitors instead!" Plus, places like Tesco make very little profit on the game when the sell them for £29.98 instead of £35 or whatever, the reason they do it is that once they get you in the store you are likely to spend money on other things as well - and at this point, retail shopping is about getting customers to come to you instead of their other usual stores more than anything else. Edited March 21, 2012 by Pete10141748
localzuk Posted March 21, 2012 Posted March 21, 2012 As far as I'm concerned, they deserve to go under because they simply haven't altered their business model to fit the industry that they are in. Bad for their staff though, which sucks. Box shifting is no longer a profitable endeavor, with the advent of internet shopping, downloadable games, and supermarkets selling games en-masse. So, they needed to adapt and provide some form of 'value added' service to their business. Using Games Workshop as a model for their stores might work - run events there, launch days, gaming competitions, make the products look good and encourage people to be at your store for things other than just buying things. Not to mention, basically eliminating PC games sales from their business model will not have helped - why not bring it back, but also link up with a PC manufacturer to sell PCs that can run games? Or graphics cards? Provide reviews of games in store, so that people browsing can see whether or not the game in their hand is their cup of tea. So many options to increase footfall, and increase profit, but no. A Game store now is basically the same it always has been - racks of overpriced boxes selling games that you can get cheaper elsewhere.
MacGeek Posted March 21, 2012 Posted March 21, 2012 Game is going under. EA will not sell them stock anymore due to their financial troubles.
Dos_Box Posted March 21, 2012 Posted March 21, 2012 Plus, places like Tesco make very little profit on the game when the sell them for £29.98 instead of £35 or whatever, the reason they do it is that once they get you in the store you are likely to spend money on other things as well Yup. I got Modern Warfare 2, some spaghetti, tinned tomatoes, mince, bread, fish fingers, eggs and sliced ham. I only went in for a paper!
Pete10141748 Posted March 21, 2012 Posted March 21, 2012 Yup. I got Modern Warfare 2, some spaghetti, tinned tomatoes, mince, bread, fish fingers, eggs and sliced ham. I only went in for a paper! LOL with me it tends to more along the lines of "oooh, new game! I'm going to need pepsi/redbull/crisps/nuts/proplus/anythingCadbury/scotcheggs to get me through this at the weekend"
synaesthesia Posted March 21, 2012 Posted March 21, 2012 As said, entirely brought on by themselves. They had the software and the tech to do digital distribution first, and didn't. They lost out.
sonofsanta Posted March 21, 2012 Posted March 21, 2012 As said, entirely brought on by themselves. They had the software and the tech to do digital distribution first, and didn't. They lost out. Despite all that, I think they still could've kept going if they'd just had a decent catalogue in store. You wouldn't go into a specialist record store and only see the top 40 on CD, so why should I go into a specialist game store and only see the top 10 for each platform and a handful of scabby pre-owned FIFA games? Their stores were mostly empty space, and the few games they did have were overpriced. Gamestation were better in this regard - particularly for actually stocking second hand retro stuff - but they weren't the common store, GAME were. And GAME were rubbish.
synaesthesia Posted March 21, 2012 Posted March 21, 2012 Point being, they already had started making moves in DD and then decided against it. Without any shadow of doubt that is a huge if not majority reason for their predicament.
sonofsanta Posted March 21, 2012 Posted March 21, 2012 Point being, they already had started making moves in DD and then decided against it. Without any shadow of doubt that is a huge if not majority reason for their predicament. You know what, I never even knew that, and my Steam library is into triple figures so I'm down with the DD. That really is a pathetic effort from them.
sonofsanta Posted March 22, 2012 Posted March 22, 2012 Just to show how monumentally they did muck it up: BBC News - Game sales surpassed video in UK, says report The premier high street presence for the largest entertainment sector in the UK and you've still gone bust. Well done!
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