Game industry business news

277 GAME and Gamestation stores close, 40% of workforce axed

Administrator PwC has today closed the doors on 277 of The GAME Group’s 609 UK and Ireland stores, MCV understands. The result is that by the end of the day around 2,104 GAME employees will have lost their jobs – 40 per cent of its UK workforce. 15 of these …

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GAME suspends Reward and Gift Cards

Customers are no longer able to use their Reward Cards in GAME or Gamestation stores. Customers are also no longer able to issue refunds or exchanges. There have also been isolated reports of violence at some stores as customers are stopped from spending their trade-in credit, with some losing three …

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Rob Lowe leaves Nintendo

Nintendo marketing vet Rob Lowe will leave the company, the firm has announced. Lowe was one of the execs responsible for the launch of Wii in the UK, and has been part of the team for eight years. He leaves Nintendo UK on June 1st to take become marketing director …

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GAME CEO Ian Shepherd steps down, confirms store closures

Ian Shepherd, the CEO of retailer GAME, has resigned from his role. I’ve said a number of times that the administrator, once appointed, takes charge of the business,” an internal GAME memo reads. Having two people try to do that is both confusing and a waste of money. With that …

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TV ad focus: PS Vita vs other handhelds

Sony launched the PS Vita last month and the TV rating results for its first burst of advertising activity have been revealed. The chart compares the cumulative individual TVRs and number of weeks on air for other handhelds’ TV launch activity. What’s evident is the differing strategies utilised by Sony …

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GAME: Administration came after period of "careful consideration"

Retailer GAME has issued what may well be its final statement before the process of dismantling the retailer begins. It follows confirmation of its official entry into administration just moments ago. Further to our announcements of March 21st, the Board of GAME has completed its discussions with lenders and third …

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GAME enters administration

After two months of worry and rumour, GAME has as of today officially entered administration. PwC remains hopeful that a going concern sale of the business is achievable”, but that will not stop the closure of many stores and the potential loss of thousands of jobs. PwC has not yet …

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Ian Shepherd attacks media GAME coverage

GAME CEO Ian Shepherd has attacked the media for its reporting of the GAME situation. The comments come to light as GAME and Gamestation employees wait for official confirmation of the retailer’s going into administration – and the store closures and job losses that will result. MCV has this morning …

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