Results for "game retailer"

GAME saved by OpCapita: urged to “develop a digital strategy”

GAME saved by OpCapita: urged to “develop a digital strategy”

Things were looking bleak for GAME as it entered administration last week. The UK company hadn’t managed to survive a tough holiday season in 2011, and pleas to negotiate better deals with the gaming studios fell on deaf ears. It announced that it would be halting all pre-orders, as well as suspending the Reward points system, much to customers dissatisfaction. 277 stores were closed and 2,104 jobs were lost as a result of the administration process. Over the weekend, OpCapita swooped in and bought the remaining stores that were still open.

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Why I’ll Never Buy Another Used Game (And Why You Shouldn’t, Either)

Why I’ll Never Buy Another Used Game (And Why You Shouldn’t, Either)

Used video games have become a desirable purchase for many industry fans. With prices coming in at substantially lower amounts than new alternatives, it simply makes sense to many people to buy used titles. The more you save, the more products you can buy, right?

I’ve long been one of those people that tries to take advantage of cheaper used games. To me, saving a few bucks here and there was worth it. Plus, if I had the chance to turn it back in and get some of that cash back, why not do it?

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GAME administration bail-out tipped as banks wade in

GAME administration bail-out tipped as banks wade in

Beleaguered gaming retailer GAME will face a speedy exit from administration, it's reported, with leaks tipping an RBS-led deal that could yank the ailing chain from the financial precipice as early as March 30. A Royal Bank of Scotland consortium is wading in, MCV's sources tell them, with the bank already being one of GAME's main lenders and currently owed around £45m ($72m) by the retailer.

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No more quarters for Game as it enters admin

No more quarters for Game as it enters admin

UK video game retailer Game has entered administration. In the UK, administration is the same thing as bankruptcy in the US. Game has been having serious financial issues for a while now after poor sales during the holiday season of 2011 resulted in some game publishers not allowing the company to buy their video games. Reuters reports that the company has now entered administration, and 10,000 employees face an uncertain future.

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GameStop sales dive amidst digital revolution

GameStop sales dive amidst digital revolution

The #1 games retailer in the US just released numbers for its fourth quarter, historically the best and most lucrative period for any retail chain. But for GameStop, it wasn't all good news, as the company reported a decline from the previous year, leading to total 2011 profits of nearly 80% of what they were in 2010. It isn't a good sign for the company that used to show consistent and reliable growth.

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NPD calculates $3.3 billion in digital game sales in US and Europe in Q4 2011

NPD calculates $3.3 billion in digital game sales in US and Europe in Q4 2011

According to the latest numbers from analyst group NPD, digital game sales are on the rise in a big way. In the fourth quarter of 2011, in the US and Europe - the regions that NPD normally deals with - the amount of revenue that was brought in from digital download sales in the gaming industry was $3.33 billion. In the US, sales in this growing segment were up by 9%. NPD does not have comparative data for Europe or for the US/Europe aggregate.

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GAME calls in administrators

GAME calls in administrators

Struggling European retailer GAME will call in the administrators, the company's board has confirmed today, after ceasing trade of shares in the group earlier today. The gaming store has "not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business" after ongoing negotiations with stakeholders, the board said in a statement. GAME's troubles were flagged earlier this month, with news that the company had put itself up for sale after falling sales and the rise of internet retail.

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GameStop Donkey Kong 3D displays were bogus, store says

GameStop Donkey Kong 3D displays were bogus, store says

Even though GameStop somehow got its hands on a Donkey Kong 3D display case, the games retailer is now saying that the game doesn't exist and it should never have been put up in the store in the first place. In fact, a company employee has even been quoted as saying that the displays were essentially put up in error. It does a bit suspect, though.

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