GAME Enters Administration, 227 Stores CloseCategory: Gaming
Posted: March 26, 2012 04:15PM
You may have been hearing some news about beleaguered video game retailer GAME, and the news is not great. GAME is the United Kingdom's leading game retailer, or should I say, was the leading game retailer in the UK. GAME has officially entered administration, which basically means the retailer is looking for new owners. CEO Ian Sheperd announced his resignation, effective immediately, with the administrators now in charge of Game Group. As for the retail GAME locations, 227 stores have closed with 2,104 employees out of their jobs. The remaining stores are no suspending hardware and software returns/exchanges, refunds are no longer accepted, and gift cards and rewards cards will no longer work. The administrators, PriceWaterhouseCooper, are looking for a buy for Game Group in order to bring the company back to what it once was.